Facebook has changed the name of the company as part of the rebranding plan. Facebook will now know as Meta.
The name was suggested by Facebook’s former Civic Integrity Chief, Samidh Chakraborty. meta.com currently redirects to meta.org, a biomedical research discovery tool developed under the Chan Zuckerberg Initiative.
What is Facebook’s plan?
According to media reports, the rebrand did as part of the plan to present Facebook as a Metaverse company. Facebook is about to invest $10 billion this year for its virtual world Metaverse. This will be a new phase of a new virtual experience using technologies like Facebook’s Virtual and Augment Reality (VR/AR). The company will spend billions of dollars on its Facebook Realty Labs, which the Metaverse division has tasked with creating AR and VR hardware, software, and content.
What is Metaverse?
Facebook first leak its plans to build its own Facebook metaverse last month. The term metaverse applies to describe the virtual, interactive space in the digital world. The metaverse is actually a virtual world where a person can exist even if he is not physically present. For this virtual reality is worn.
10 thousand people will get jobs
Facebook earlier this month announced hiring 10,000 people to help build the social network’s metaverse. In this new metaverse, Facebook is going to start a new chapter in a new virtual experience using Virtual and Augmented Reality (VR/AR).
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