Facebook CEO Mark Zuckerberg announced on Thursday that he is changing the name of his company to Meta Platforms Inc. Regarding the rebranding, Zuckerberg said the Facebook name doesn’t cover everything the company does now. Zuckerberg has given Meta the form of a ‘virtual environment’. Earlier, Facebook had announced that it would publish financial results for augmented and virtual reality separately. In this new world of Facebook, the Metaverse, people can meet, work and play using virtual reality headsets.
Here’s what we know so far about Facebook’s rebranding:
What is Metaverse?
The Metaverse is a virtual computer-generated space where people can interact. This includes a number of growing businesses, such as the virtual reality hardware arm Oculus and Horizon World, with many virtual reality software still in beta testing mode.
Whenever any company changes its name, it also changes its logo, Facebook has also done the same. Facebook’s new ones are designed in an infinity shape, slightly slanted, almost like a pretzel.
Will Facebook and other apps be renamed?
The Facebook app, where users post updates to their personal details and enter likes, is not changing its name. Nor are Instagram, WhatsApp and Facebook Messenger being renamed. The corporate structure of the company will also not change. But from December 1, its stock will start trading under a new ticker symbol MVRS.
Metaverse will be a new online space that will give you a completely different world experience . In this space, people will be able to interact with each other like in the real world. With this you can go into the virtual world. Here you can talk to your friends or relatives and go for a walk with them. You can shop here. You can buy your own car in Metaverse and use it just like in the real world. In this, the user has a character who can walk and interact with other players like in the real world. In this, users can buy virtual land and other digital assets with cryptocurrencies.