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Facebook wants to build the metaverse. Not so fast. – Source fastcompany.com

Several upper-echelon tech companies announced earnings last week, including Apple, Microsoft, Google, and Facebook. They all have some things in common. They’re all making lots of money: Each benefited because they are mainly digital companies, well positioned to profit from the increased time we spent within digital spaces during the pandemic. And they all have a stake in something called the “metaverse.”

What’s that? The metaverse is a sort of shared digital reality experienced within the lenses of augmented reality glasses or within the sealed-in space of virtual reality headgear—a digital world where you can work, play, and socialize. (The term comes from the Neal Stephenson sci-fi novel Snow Crash.)

The tech company talking the loudest about the metaverse lately is Facebook. In an interview with The Verge’s Casey Newton, CEO Mark Zuckerberg said this: “I think over the next five years or so, in this next chapter of our company, I think we will effectively…

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Source : fastcompany.com

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