Facebook, whose products are used by more than 3 billion people around the world, is rebranded itself. If you are wondering why has Facebook changed its name to Meta and What is the Metaverse then here we provide you a complete guide.
Facebook, which owns platforms such as Instagram, WhatsApp, and Facebook, changed its name to Meta on 28 Oct 2021 after much speculation. At the annual Connect conference, Mark Zuckerberg, CEO of Facebook, stated that the brand was so closely tied to one product, that it cannot possibly represent all that we do today or in the future. Over time, I hope we will be seen as a metaverse company and I want to make our work and identity om what we are building toward.”
It is important to remember that Facebook, WhatsApp, Instagram, and Instagram all will keep their names. The company that makes and maintains them all will be called Meta-same with Google’s 2015 corporate restructuring, which resulted in a parent company called Alphabet. Facebook changed its logo outside of its building on 28 Oct.
What is Metaverse?
This name was chosen to reflect Mark Zukerberg’s key product, Facebook-now Meta. The metaverse is the name for an online virtual space that many companies are interested in creating.
It is the internet made real, or at most 3D. Zuckerberg described it as a virtual environment that you can enter, rather than just viewing on a screen. It’s basically a virtual world with endlessly interconnected communities that people can use to meet, play, work and collaborate using virtual reality headsets or augmented reality glasses.
Mark Zuckerberg said in a letter that he would teleport as a hologram in the future to allow him to be at work without having to commute, to attend a concert with his friends, or to catch up with his family.
It is, however, in the future. Not now. The August metaverse, which was unveiled by the company, looks like The Sims and another immersive world: the 2003 video game Second Life.
What happens if Meta succeeds?
Meta trying to be the only company that underpins the metaverse has one problem. It is not able to play a central role in our lives if it becomes a reality. In recent months, outages in its key apps have made it difficult for the company to communicate with large areas of the world. If such an event were to occur in an all-pervasive VR universe such as the metaverse, the implications could be severe.
Zuckerberg also revealed Messenger calling will be coming to VR. Plans to run a virtual marketplace for developers to sell virtual goods, and a new Oculus Quest home screen to make chatting in the virtual world more social.
He said, “Your devices will no longer be the focus of your attention.” We are starting to see many of these technologies come together over the next five or ten years. This technology will soon be commonplace and many people will be creating and inhabiting worlds as detailed and convincing every day. ”
In addition to showing video demos of what the Metaverse could look like, Zuckerberg spoke about people connecting as avatars and traveling to digital versions of various places and times. According to him, the Metaverse must be built with security and privacy in mind.
Many major corporations have had to change their brands over the years. Kentucky Fried Chicken was shortened to KFC. Japanese car brand Datsun was transformed into Nissan. Name changes that have been controversial or scandalous have led to some high-profile names being changed. Philip Morris, the creator of Marlboro, changed its brand to Altria. ValuJet was renamed AirTran in 1996 after one of its planes collided with a tree.
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