The metaverse — a merging of realities — is being built out this decade so you can live in it
Facebook, according to a July 28 earnings call, plans to “transition from the social network to a metaverse company.”Let’s start with a definition for that new buzzword, metaverse: A confluence of physical, augmented and virtual reality.
To achieve that goal, Facebook wants to rely not only on existing smartphones and PCs, but also on futuristic versions of virtual reality and augmented reality devices. The company wants to develop sleek, processing-power-packed fashion statements that are socially acceptable to be worn outside. Forget about weird-looking helmets or visors.
Content — whether it’s gaming, meetings, collaboration or something else — is at the core of the metaverse experience. Users will be able to buy those items using cryptocurrencies or centralized digital currencies earned while working in the same metaverse — much like how remote workers nowadays buy goods on Amazon AMZN, -0.86% with their hard-earned cash.
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