Facebook is planning to rebrand itself with a new name to reflect its focus on building the metaverse.
What is Metaverse?
The term ‘metaverse’ was coined by American writer Neal Stephenson in his 1992 novel Snow Crash, where a 3D virtual world was inhabited by the avatars of real people.
- He described the concept as a successor to the internet. It is a broad term. It generally refers to shared virtual world environments which people can access via the internet.
- The metaverse is a digital reality that combines aspects of social media, online gaming, augmented reality (AR), virtual reality (VR), and cryptocurrencies to allow users to interact virtually.
- There is also a specific type of metaverse which uses blockchain technology.
WHAT WILL I BE ABLE TO DO IN THE METAVERSE?
Things like go to a virtual concert, take a trip online, and buy and try on digital clothing. The metaverse also could be a game-changer for the work-from-home shift amid the coronavirus pandemic. Instead of seeing co-workers on a video call grid, employees could see them virtually.
Facebook has launched meeting software for companies, called Horizon Workrooms, to use with its Oculus VR headsets, though early reviews have not been great. The headsets cost $300 or more, putting the metaverse’s most cutting-edge experiences out of reach for many.
For those who can afford it, users would be able, through their avatars, to flit between virtual worlds created by different companies.