Why Facebook Became Meta? – With the new and transforming world, companies are also changing shape. Many companies are starting new projects or getting involved in different projects in a way to adapt themselves to the developing technology. Among these companies, there is a company that completely adapts the company itself to the developing and changing world like a project and sees today from about 8 years ago: Meta.
In fact, Facebook’s work on the meta-universe dates back to 2014. At that time, while topics such as Web3.0, crypto money and NFT were only just beginning to be talked about, Facebook made a purchase that surprised everyone. The company, which is a social media company and does not go out of this field, bought a VR glasses developer named Oculus for 2 billion dollars.
One of the most important features in the meta universe is that a dive takes place without any problems and that the equipments are in ergonomics to be used. Facebook’s realization of such a move, when there is no meta universe in the middle, actually shows their power to predict the future.
Meta’s Metaverse Focused Projects
Oculus
Meta’s focus on meta-universes begins with its 2014 acquisition of Oculus. Oculus is a company that manufactures virtual and augmented reality hardware. The company, which is one of the pioneers in this regard, made a lot of noise with its Rift model in its early days. Then, the glasses development business, which included Sony and Microsoft, has now become quite popular. Oculus, now called Meta, offers one of the best virtual reality experiences for both the game and the metaverse world with its latest Quest 2 model.
Horizon
Even if there is not much explanation yet, we know that Horizon is the metaverse developed by Meta. For Horizon, which is expected to support all infrastructure and companies owned by Meta, Zuckerberg said that they will develop over 10 years and hire 10,000 engineers with an investment of more than 10 billion dollars.
Diem
The blockchain and cryptocurrency technology project Meta is working on is Diem. Since he wanted to provide all the necessities of the meta universe he created, he had to have a project for the financial side as well. At the same time, with this infrastructure, it creates an alternative blockchain and payment unit for NFTs that can be integrated into the ecosystem in the future.
Meta plans to create an ecosystem where all the content hosted by Meta is truly integrated, with many new features it has recently tested on Instagram. It was said that the avatar creation feature coming to Instagram and the created avatars will be available on all platforms of Meta. Apart from that, with the NFT feature they have recently tested on Instagram, the platform will also be able to become an NFT open marketplace. Announcing that it will not receive commissions from NFT sales at the beginning, this project of Meta is only open to a very limited user.
Questions Answered by the “Why Facebook Became Meta“ Blog:
- Why did Facebook make its name Meta?
- Why Facebook Became Meta
- What are Meta’s metaverse-oriented projects?
- What is Instagram’s place in the metaverse?