Facebook Spent Billion USD to Build Metaverse World

As part of its efforts to focus on the metaverse world, Facebook is looking for ways to increase the usability of content for virtual reality (VR) learning.

To achieve this goal, Facebook has set aside $150 million, or approximately Rp 2.1 trillion. This is as reported by Engadget by Friday (10/29/2021).

At Facebook Connect 2021, the company announced that it is spending a lot of money creating VR learning content over the next three years.

Metaverse is a concept that combines augmented reality and virtual reality and provides the future of the internet for everyone in the world.

To try out the Metaverse experience, people may need to wear a VR headset to immerse themselves in the virtual world.

Metaverse is said to mix the existing online social experience, which is expanded into three dimensions or projected onto the physical world.

The company also announced a tool to help people create a metaverse, namely the Presence Platform.

Facebook Changed Name to Meta
On the other hand, Mark Zuckerberg introduced Meta as a new name to replace Facebook, the parent company that oversees various leading social media services widely used, such as Facebook, Instagram, WhatsApp and Messenger.

As reported by Deseret News, Friday (10/29/2021), Zuckerberg said, “We have a new north star: to give life to the metaverse. Now, it’s time to build the next chapter.”

The company’s new website, Meta.com, is currently leading to a page on the Facebook website announcing the company’s new direction.

“Connections are always evolving, and so are we. The world of metadata is the next continuous evolution of social connections. Our company vision is to help bring metadata to life, so we changed our name to reflect our commitment to this future.” .

Meta will oversee all of the Facebook company’s products, including Facebook itself, Instagram, Messenger, and WhatsApp, as well as all new initiatives developed by the company.

This step is the same as when Google reorganized all company products at Google under the name Alphabet (parent company Google Cs).

Meta Meaning
The meta name was chosen by the owner of this company for no reason. Mark said the word ‘meta’ is a Greek word meaning ‘beyond’.

“For me, these phrases symbolize that there’s always more to build next, and there’s always the next chapter of the story we’ve built before,” Mark said.

According to Mark, he is very proud of what has been built so far and continues to be excited to find out what comes next.

“This is the future that a company hopes will transcend and everyone will create,” he said.