5 Facts about the Metaverse, a Facebook project that the US opposed
The Metaverse is still being developed, but is no longer Facebook’s main focus. Photo: doc Meta
JAKARTA – Metaverse is one of the big projects developed by the boss of Facebook, Mark Zuckerberg. However, the project that offers future technology is currently faltering.
The Metaverse is a virtual world where humans can appear in avatar form and socialize without any physical disturbance. The virtual world is currently Facebook’s main focus to create new experiences in using social media.
Unfortunately, there were many problems in its development. Starting from the problem of huge losses to the spotlight from the US judiciary which made many people no longer have hope in this project.
Here are five metaverse facts, Mark Zuckerberg’s big project:
1. Created in 2021
Reporting from the About Facebook page, at Connect 2021, CEO Mark Zuckerberg introduced Meta and will focus on the metaverse that will help people connect, find community, and grow businesses.
The plan is that this metaverse will provide experiences using social media that are expanded into a 3D world or projected into the physical world.
It is the next evolution in a long line of social technology and ushers in a new chapter for Facebook.
2. Make Facebook Parent Loss
However, the plan to create this metaverse has a big obstacle. One of them is that Facebook suffered a huge loss. Facebook has spent a lot of money to fund its newest VR technology, which until now is still not clear how it will develop.
According to Kotaku, the company confirmed it lost more than $4 billion for VR and metaverse development in the final quarter of 2022.
In total, the company has lost more than USD 13 billion in 2022. So far, there is not much that the new technology has to offer.
Reality Labs reportedly suffered a loss of USD 3.6 billion in the third quarter of 2022. This is not the first time the Meta virtual division has lost money as Reality Labs also recorded a loss of USD 2.9 billion in the first three months of 2022.