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Monday, October 18, 2021

What Is Meta - New Name of Facebook and Main Features Of New Venture Of Mark Zuckerberg

 


Meta is probably the next step in the evolution of the internet, including creating new infrastructure and real-time 3D worlds. In September this year, Facebook committed $50 million towards building it.

Facebook CEO Mark Zuckerberg had said investments in virtual and augmented reality will help support the evolution of the meta.

'Meta', is going to be a nascent online world where people exist and communicate in shared virtual spaces. The social media giant announced on October 17, Sunday that it plans to hire 10,000 in the European Union over the next five years to create the virtual world.

What is Meta?


The term is believed to have been coined by Neal Stephenson in his 1992 novel 'Snow Crash'. He referred to it as a virtual world where people interact with each other using their avatars.
It's being touted as the next step in the evolution of the internet, including creating new infrastructure and real-time 3D worlds. So, will people go for a cyber lunch or dinner instead of a normal one? Well, Facebook is striving to make that a reality.

A Meta can be broken down into two parts. One of them deals with building a block chain-based meta, using NFTs and cryptocurrencies. Some of the examples are Decentraland and The Sandbox, which allow people to purchase virtual parcels of land and build their own environments.

Another one is a simple, virtual world where people can meet and greet each other. Facebook is working towards creating this version.

The elements of the meta include video-conferencing, games like Minecraft or Roblox, cryptocurrencies, email, virtual reality, social media and live-streaming.

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