Social media giant Facebook plans to change the name. The rebranding was planned as part of a meta-construction effort, Reuters reported Wednesday, citing credible sources. It is learned that the name change may be finalized next week.
Mark Zuckerberg will discuss plans to change the name at Facebook's annual conference on October 26, according to a report in The Verge, a US technology blog run by Vox Media. The report also said that Facebook authorities would reveal the details of the plan soon.
A few days ago, a media report said that Facebook would responsibly invest 50 million dollars to build 'Metavers'.
Metaverse is the virtual world. Here users can create avatars to match their looks. They will control the avatars. If they walk in their own house, the avatars of the virtual world will also walk. If you shake hands, Avatar will do the same. In other words, Metaverse is an online world where users can do everything from gaming, office work and communication in the virtual world. Facebook has already invested heavily in virtual reality and augmented reality. Made the Oculus VR headset. Also working with 'AR glasses' and 'wristband' technology.
Facebook's new investment will revolve around the 'XR Program' and the 'Research Fund'. Over the next two years, the entire money will be invested globally to ensure that Metverse's technology is built 'on a scale of expansion and empowerment'. - Reported by Facebook. According to a report, Facebook has plans to work with researchers in four areas, including data privacy and security. This will make it easier for users to get help after seeing something they are feeling uncomfortable with on Metaverse.
In addition, the company said in a blog post, Facebook will also study how to create accessible and inclusive technology for all users. It will also provide 'encouragement to competition' in developing industries. In recent times, Facebook has come under fire for various internet problems. Such problems range from the spread of misinformation to the negative impact of social media on adolescents. Early partners in Facebook's new Metavers fund include Howard University in Washington DC, Seoul National University in South Korea and the University of Hong Kong.
