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'.

By |2021-10-18T09:13:56+01:00October 18, 2021|Uncategorized|0 Comments

Facebook to hire 10,000 in EU to work on metaverse

"The metaverse has the potential to help unlock access to new creative, social, and economic opportunities. And Europeans will be shaping it right from the start," Facebook said in a blog post. The new jobs being created over the next five years will include "highly specialised engineers".

By |2021-10-18T09:05:01+01:00October 18, 2021|Innovation News|0 Comments
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