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Facebook metaverse of opportunities or threats

Facebook metaverse of opportunities or threats

Facebook is renaming itself (Meta)The move was teased in recent days as the social media company had been mired in controversies swirling around its business practices. CEO Mark Zuckerberg revealed the company name change in the social media giant's annual developer forum Facebook Connect.The metaverse is the next frontier from now on, we’re going to be metaverse-first, not Facebook-first. metaverse mean enables us to live our lives virtually by creating an online 3D space. Blockchain and Cryptocurrency has a great many significant and unparalleled use cases and applications (dApps) via decentralisation, with secure, immutable transactions via PoS, PoW or DAG etc.

facebook metaverse

Though I’m not convinced the Metaverse is one of the better ideas.Meta/AR may make a lot of profit (e.g. through blockchain based games like Enjin’s MetaCity, Decentraland, The Sandbox or Illuvium etc). But think it unlikely to make one’s life happier or richer. The quote “the metaverse is an online, 3D, virtual space connecting users in all aspects of their lives” is pretty far off target. They are right about cryptocurrency . Although it will mainly be forms of stablecoin. is one of the popular platform that allows you to earn interest on your cryptocurrency or INR. It offers you the industry’s highest interest rates on major cryptocurrency .One of the best parts of the service is that the interest gets calculated daily, and the rewards get paid on a Daily weekly and Monthly basis. you will be able to withdraw any amount at any time while you earn interest. Or you can withdraw your deposit after to days. This way, you will get to earn higher interest rates.So you will surely enjoy a wide range of investment options for your better Future. Easy answer, meta is facebooks new name and a verse is a set of words forming a sentence. Metaverse is the corporate slogan each former Facebook employee now has to adopt as Mantra and mumble to himself into the mirror after getting up and before going to bed.There may be other meanings as well but let’s see how many people.

metaverse definition



Any opinions on Augmented Reality..??? With everyone using mobile phones, it’s a great way to engage with people. At metaprotocol we are pioneering this exciting technology that we believe will attract vastly more people to cryptocurrency and the networks they are built on. I thought this name changing business without doing anything substantial was an  Changing from Facebook to Meta  

gives us a glimpse of a futuristic tech landscape . We are indeed moving into the next frontier , an expansive network of persistent real time 3D world which is immersive where people will live and work through their own avatars .

Is Facebook doing brand repositioning only or is it also thinking to disrupt the social media Market? Will or should think about Metaverse.!!

Metaverse is a blue ocean market. And how does it benefit Facebook in the long term?Low Competition: The virtual reality is future of social media!! And metaverse is a clear blue ocean market less or no competition whereas social media in its current form is a pure red ocean fierce competiton and rival Facebook can own lot of new real estate in the virtual reality market and gain the first mover advantage. There was another social networking platform called second life. It was perhaps a little before its time. It was supposed to be an immersive experience. You created an avatar and you lived in a different world doing things that people do in real life, including buying land, attending live concerts and even attending college classes.

I don't think Meta aka Facebook is doing anything newer than that. Social networks are already immersive enough. They already have a lot of thinking space in our brains. Their algorithms dictate how we behave online. Anyone who has achieved anything through social media, knows this.Facebook ,meta is not just going to be another novel immersive experience. It would perhaps take our immersion to the next level. What they would do with all that influence is another thing. Given Zuckerberg's exploitative social media history, there's no saying where this would end up. Perhaps only time can tell. Less likelihood of new entrants: The metaverse is still in infancy stage and other major social media players are not talking much about it.Bargaining power of its users will become low: In a blue ocean and with no substitues and less competition, users will have no other great alternative platforms providing social virtual reality. And they will be happy to use Facebook  new offerings inspite of its history.

I think it's great, as it signifies an all encompassing metaverse  a space to connect, engage, game and go beyond conversations, backed by their AI and VR capabilities. Bringing people together in a more meaningful way. But I do hope that the Greek term Meta which means Beyond also means that the company has taken efforts to strengthen privacy, protect people, and go Beyond Bias. At the end of the day, they can be Metaverse or Facebook metaverse, but what matters the most to me at this point of time is Will Meta be People-First? We believe the metaverse will be the successor to the mobile internet. We’ll be able to feel present  like we’re right there with people  no matter how far apart we actually are.The basic story of technology in our lifetimes is how it's given us the power to express ourselves and experience the world with ever greater richness.  We've gone from desktop to web to phones. From text to photos to video. But this isn't the end of the line. The next platform and medium will be even more immersive  an embodied internet where you're in the experience, not just looking at it. We call this the metaverse  And you're going to be able to do almost anything you can imagine -- get together with friends and family, work, learn, play, shop, create  as well as entirely new categories that don't really fit how we think about computers or phones today. This isn’t about spending more time on screens. It’s about making the time that we already spend better and the development of better future technology.

What do you think of this development?? please comment........

by booble people

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