Facebook calls it the “metaverse”, a new digital/real world territory which will blur the line between physical reality & the Online world. It will take millions, if not billions, of dollars to set up this universe but that is not a challenge for Facebook. CEO Mark Zuckerberg told The Verge earlier this week he sees the metaverse as “the successor to the mobile internet.”
Facebook’s new metaverse group adds Instagram, gaming execs – cnet.com
Facebook is betting big on metaverses, and a new organization within Facebook Reality Labs will focus on the hot territory. The new group will aim to be the “connective tissue” between the company’s VR, AR and telepresence products like Facebook Portal, Andrew Bosworth, VP of VR and AR products at Facebook, said Monday.
Link: Facebook’s new metaverse group adds Instagram, gaming execs
via www.cnet.com
Facebook’s New Metaverse Project Will Cost ‘Billions’ Of Dollars – Forbes
Facebook has newly put a ten-figure price tag on its efforts to conquer the metaverse.
Facebook’s Chief Financial Officer David Wehner says it’ll cost several billion dollars for the company to work on the augmented- and virtual-reality technology to power a metaverse, an idea for a digital world that increasingly blurs the lines between physical reality and online experiences.
Link: Facebook’s New Metaverse Project Will Cost ‘Billions’ Of Dollars – Forbes
via www.forbes.com
