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Facebook Sets up $50M Investment Fund for the Development of Metaverse
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blockchain.newsOnline social media and social networking service platform Facebook today announced a two-year grant of $50 million to strengthen the interpersonal connection between reality and virtual reality and consumer hardware and to promote the development of Metaverse products.
Metaverse is a combination of the prefix “meta”, meaning beyond, and “universe”, which refers to shared virtual worlds where land, buildings, avatars, and even names can be bought and sold, often using cryptocurrency.
Metaverse is also called “Metaverse”. In this virtual space, users can create, explore, play, work, shop, and do other daily activities with other users who exist in another type of physical space.
Facebook represents the existence of Meta Universe that “It’s
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