Facebook’s First Big Investment into the Metaverse, and What it Means for the Future of the Company
https://www.socialmediatoday.comFacebook has taken its next steps into the expanding Metaverse concept, with the announcement of a new $50 million investment into research programs that will explore how to develop the digital Metaverse responsibly, and ensure that any related products “are built in a way that’s inclusive and empowering”.
Facebook CEO Mark Zuckerberg went all-in on the Metaverse just recently, in an interview in which he explained that he sees Facebook eventually becoming ‘a Metaverse company’.
This new investment is another step in that direction, while the recently announced promotion of Facebook’s AR/VR chief Andrew Bosworth to the company’s CTO role also points to its continued shift in this path.
