Explained: What Exactly is metaverse which Facebook is touting as the future of internet
It encompasses augmented and virtual reality. In September, Facebook committed $50 million towards building the metaverse, where companies like Roblox Corp and "Fortnite" maker Epic Games have an early foothold. What is metaverse? The term is believed to have been coined by Neal Stephenson in his 1992 novel 'Snow Crash'.