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What is the meaning of the sci-fi term Metaverse of Mark Zuckerberg

Metaverse used by Mark Zuckerberg is a sci-fi term that was popularized in the science-fiction novel Snow Crash by Neal Stephenson to refer…

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What is the meaning of the sci-fi term Metaverse of Mark Zuckerberg

Metaverse used by Mark Zuckerberg is a sci-fi term that was popularized in the science-fiction novel Snow Crash by Neal Stephenson to refer to a digital universe that can be accessed through virtual reality.

It’s a frequently used plot point in many recent works of science fiction, such as the Matrix films and the novel and movie Ready Player One.

Meanwhile, Facebook CEO Mark Zuckerberg is betting his company’s future on the metaverse.“I believe that metaverse is the next chapter for the internet,” he said on Thursday during Facebook’s annual Connect conference, where he announced that Facebook had changed its name to Meta to reflect its commitment to all things metaverse.

“And it’s the next chapter for our company, too,” he added. No doubt, the age of the “metaverse” is upon us — or at least that’s what Mark Zuckerberg would have us believe.

What is the meaning of the sci-fi term Metaverse of Mark Zuckerberg

What is Facebook’s vision of the metaverse?

According to Mark Zuckerberg, the metaverse is the next evolution for social networking, moving past static user profiles that let people merely post comments and photos.

To reach it, people would need to wear VR headsets or augmented reality glasses that superimpose the digital realm onto the physical world. There could also be lifelike holograms beamed into the real world from cutting-edge projection systems.

What is the meaning of the sci-fi term Metaverse of Mark Zuckerberg

“When you play a game with your friends, you’ll feel like you’re right there together in a different world, not just on your computer by yourself,” Zuckerberg said. “And when you’re in a meeting in the metaverse, it will feel like you’re right in the room together making eye contact, having a shared sense of space, and not just looking at a grid of faces on a screen.”

Will Mark Zuckerberg make a profit from the metaverse

Although Zuckerberg didn’t indicate when his company would be able to turn a profit from its metaverse business, he said  “within the next decade, the metaverse will reach a billion people, host hundreds of billions of dollars of digital commerce, and support jobs for millions of creators and developers.”

Earlier this week, Facebook said that it is spending on the metaverse would erase $10 billion from its overall profits in 2021.

Zuckerberg said nothing about the future of Facebook’s core online ad business in the metaverse. Presumably, the company could make billions of dollars showing people ads in the metaverse that are targeted to them based on what they do in the virtual world.

Zuckerberg pitched the need for outside developers to build products for Facebook’s metaverse, such as games, concerts, and other activities to make it akin to the real world. Theoretically, Facebook could take a cut of any money that developers make, just as Apple and Google charge developers fees for selling apps in their app stores.

More so, the metaverse is Facebook’s opportunity to dominate the next frontier of computing, perhaps even establishing the metaverse equivalent of an app store before its rivals can.

The results could be profoundly lucrative, or it could be like Second Life, where the reality fails to live up to the hype.

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