Mark Zuckerberg goes all in on metaverse, changing Facebook name to Meta

  • Oct. 28, 2021 will turn out to be an important date for the developing metaverse. Facebook CEO Mark Zuckerberg announced Facebook is changing its name to Meta. The news was no surprise, given reports of the possibility previously. But seeing the new name being hoisted on a sign in front of Facebook headquarters made it all seem, well, real.
  • Zuckerberg explained (we’ve chosen a few excerpts):
    • The next platform will be even more immersive — an embodied internet where you’re in the experience, not just looking at it. We call this the metaverse, and it will touch every product we build.”
    • In this future, you will be able to teleport instantly as a hologram to be at the office without a commute, at a concert with friends, or in your parents’ living room to catch up. This will open up more opportunity no matter where you live. You’ll be able to spend more time on what matters to you, cut down time in traffic, and reduce your carbon footprint.”
    • “The metaverse will not be created by one company. It will be built by creators and developers making new experiences and digital items that are interoperable and unlock a massively larger creative economy than the one constrained by today’s platforms and their policies.
    • “Our role in this journey is to accelerate the development of the fundamental technologies, social platforms and creative tools to bring the metaverse to life, and to weave these technologies through our social media apps. We believe the metaverse can enable better social experiences than anything that exists today, and we will dedicate our energy to helping achieve its potential.

“This will make it easier for people to sell Limited Edition digital objects like NFTs, display them in their digital spaces and even resell them to the next person securely.” 

Facebook Head of Metaverse Products Vishal Shah to CoinDesk