The co-founder of Facebook said that he thinks the metaverse will become very popular in the next ten years and be a big part of how his company works. Join Bitcoin Motion today it is also a platform to get whole Meta’s metaverse projects, Zuckerberg said this:
If people engage in the metaverse, they will be able to “buy digital things, digital content, or other means to express themselves.”
Approximately one billion people are expected to participate in the metaverse, and each of these individuals is expected to produce hundreds of dollars in profit.
According to Zuckerberg said about what people could buy, they could buy “clothes for their avatar, digital items for their virtual house, or things to decorate their virtual conference room.” From his point of view, virtual reality augmented reality, and the metaverse is all “utilities.”
He did say, though, that there is still a long way to go and a lot to do
Still, don’t think there will be hundreds of millions or even billions of people in the metaverse for a while. It takes time for things to get where they need to be. This is only because things take time to get there.
I think we will eventually get there.” But you should know that the other services we run are already much bigger,” he told her. The Facebook co-founder went on to say that the technology “basically gives this real feeling of presence.”
We have the ability to spend a lot of money on long-term research, and this is a top priority for us right now,” stated Meta’s CEO.
The week before last, Meta, Microsoft, and 31 other companies formed a standards committee for the metaverse. In March, Meta sent in eight applications to trademark its logo and Meta Pay. The metaverse and crypto services were both covered by these apps. People from all over the world sent in these applications.
Several big businesses have tried to figure out how big the metaverse is. Last week, McKinsey & Company released a report that said the metaverse would make $5 trillion by 2030. Citi thought in March that five billion people would use the metaverse by 2030, making it a $13 trillion market. The global financial firms Goldman Sachs and Morgan Stanley both think that the metaverse could be worth $8 trillion.
For cryptocurrencies, Meta Pay is used
Meta Platforms Inc. sent five trademark applications for the word “Meta Pay” to the United States Patent and Trademark Office (USPTO) in the past week. There are a lot of services related to cryptocurrencies in the files, and Meta Pay will work exactly like Facebook Pay.
Based on the apps that Meta has made available, the company wants to release a payment system called Meta Pay. Customers will be able to trade regular cash for cryptocurrency using this system. At the moment, people and businesses in over 160 countries can trade with each other using 55 different currencies.
How will we spend our time when we get to the metaverse?
Zuckerberg says that the main focus of Meta’s development right now is on making virtual houses and offices where people who work from home can get together as if they were in the same room. You’ll also be able to go to concerts, travel to other places and see natural wonders, and, of course, buy virtual clothes and other things in our virtual worlds. In theory, once a technology gets far enough along, the only thing that limits what can be done is how big our imaginations are.
Louis Rosenberg, CEO of Unanimous AI and a well-known developer of augmented reality (AR), said, “It will make our world look like Harry Potter.” This information came straight from Rosenberg, who told Insider about it.
Like the Wizarding World, magic is interesting to learn about, but it can also hurt people. Rosenberg says that in the future, we won’t just be in our own information bubbles, but will each have our own reality.
In an interview with the Associated Press, Haugen said that the “metaverse” in Snow Crash was “a way for people to forget about how bad their lives were.” In Stephenson’s dystopian future, people could leave their bad lives by going to the metaverse.
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