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Mark Zuckerberg’s Vision For Metaverse and Growing Distances

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Facebook (now Meta) CEO Mark Zuckerberg recently changed the company’s name to Meta in an attempt to be able to project it at the forefront of the up and coming digital frontier called the metaverse. As Zuckerberg celebrates his birthday today, let’s re-examine the metaverse and what his vision for the same is. It all started in June 2021, when Zuckerberg announced that the future of his company would go far beyond the current setup. He claimed that Facebook would strive to build a set of interconnected experiences straight out of the sci-fi world — which was dubbed as metaverse. To simplify, the metaverse is a lot more digital stuff that will just be parallel to a person’s physical life. A collection of virtual worlds, the metaverse will allow users to meet, play, talk and buy stuff. While the idea sounds tempting, in an era where most people are said to have a ‘social media problem’ this can also be a terrifying idea and Zuckerberg’s vision for the same seems to be on an abysmal start.

Most people would agree that too much exposure to social media is unhealthy. Social media has a tangible impact on the mental health of people using them. One of the many reasons could be that these apps trigger a host of unrealistic comparisons. Metaverse, on the other hand, is a step ahead, or probably, multiple steps ahead. Sharing his vision for metaverse, Zuckerberg explained how it will allow a person to be thrown into a virtual video call at any moment. Scary, right?

A report by The Verge talks about Zuckerberg’s address to his employees while he was explaining the new concept. The company’s divisions focused on products for several communities, creators, and virtual reality would work to realise this vision. “What I think is most interesting is how these themes will come together into a bigger idea,” Zuckerberg said. “Our overarching goal across all of these initiatives is to help bring the metaverse to life.”

The CEO believes that humans will migrate into the metaverse in the future, completely leaving behind the reality for a world which will be created and governed by them entirely. Explaining his vision, he claimed how there will come a time when virtual worlds will be so absorbing that nobody would want to leave, and this is when the metaverse will emerge. While speaking to Lex Fridman in the podcast, he said, “A lot of people assume the metaverse is about a location, but one description of it is a period when immersive digital worlds become the primary way we live our lives and spend our time.”

There have been several reports that suggest how Meta intends to spend the next five to ten years creating an immersive virtual environment. This will include fragrance, touch, and sound. All of this will allow the users to completely immerse themselves in virtual reality.

To quote the words of author Douglas Adams, “This has made a lot of people very angry and has been widely regarded as a bad move.” While Metaverse became the talk of Wall Street in no time at all, many analysts pointed out that it could be the biggest disruption to human life ever seen. Critics, on the other hand, have warned that it is getting wildly overhyped. They have claimed that it will be difficult to police and termed it as a “regulatory nightmare.”

Tesla CEO Elon Musk, while speaking to the website Babylon Bee said that he is not in favour of having virtual reality goggles “strapped to your head the whole time.” A Harris Poll also found out that just 38 percent of Gen Zs agree that “the metaverse is the next big thing and will become part of our lives in the next decade.”

Amid all the chaos and different opinions surrounding the idea and Zuckerberg’s vision of the metaverse, the CEO has claimed that all he cares about is inventing technology to enable people to engage with one another. However, how much truth prevails in his statement is for the time to tell.

Read all the Latest News , Breaking News and IPL 2022 Live Updates here.



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‘NFTs: Enter the Metaverse’ | Watch the trailer for non-fungible token documentary from ABC Localish Studios

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In 2021, three otherwise unassuming letters would upend the worlds of cryptocurrency, technology, art, and pop culture all at once. NFTs, or non-fungible tokens, were propelled into the mainstream after an unprecedented $69.4 million sale at the historic art auction house Christie‘s in New York City.

The sale of digital artist Beeple‘s Everydays at Christie’s for $69.4 million marked the beginning of a seemingly unstoppable NFT wave, where everyone from digital artists to mainstream celebrities like Paris Hilton, Mark Cuban, Steve Aoki and many others began creating, selling, and collecting NFTs via cryptocurrency on the Blockchain.

While NFTs initially focused on the importance of ownership of digital assets, they soon also became part of a social movement where groups of creators and collectors began communities based on buying and selling NFTs. Some early examples of these groups include CryptoPunks and Bored Ape Yacht Club, but many more have since risen in popularity as the world of NFTs continues to expand and propels new digital artists, like 17-year-old Diana Sinclaire, to international fame.

Following the journey of digital artist Beeple, aka Mike Winklemann, through the historic sale of his Everydays work, “NFTs: Enter the Metaverse” illuminates the social and economic factors that led to the rise of NFTs as well as the implications of NFT technology on the future of the Metaverse. The documentary features appearances by Paris Hilton, Gary Vaynerchuck, Mark Cuban, Steve Aoki, 3Lau, Rebecca Jarvis, Kelly Crow, Kenny Schacter, Diana Sinclair, Daniel Maegaard, and Karsen Daily.

Watch “NFTs: Enter the Metaverse” premiering on May 21st on ABC (check your local listings), ABC News Live and the Localish Network.





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Metaverse

‘NFTs: Enter the Metaverse’ | Watch the trailer for non-fungible token documentary from ABC Localish Studios

Published

on


In 2021, three otherwise unassuming letters would upend the worlds of cryptocurrency, technology, art, and pop culture all at once. NFTs, or non-fungible tokens, were propelled into the mainstream after an unprecedented $69.4 million sale at the historic art auction house Christie‘s in New York City.

The sale of digital artist Beeple‘s Everydays at Christie’s for $69.4 million marked the beginning of a seemingly unstoppable NFT wave, where everyone from digital artists to mainstream celebrities like Paris Hilton, Mark Cuban, Steve Aoki and many others began creating, selling, and collecting NFTs via cryptocurrency on the Blockchain.

While NFTs initially focused on the importance of ownership of digital assets, they soon also became part of a social movement where groups of creators and collectors began communities based on buying and selling NFTs. Some early examples of these groups include CryptoPunks and Bored Ape Yacht Club, but many more have since risen in popularity as the world of NFTs continues to expand and propels new digital artists, like 17-year-old Diana Sinclaire, to international fame.

Following the journey of digital artist Beeple, aka Mike Winklemann, through the historic sale of his Everydays work, “NFTs: Enter the Metaverse” illuminates the social and economic factors that led to the rise of NFTs as well as the implications of NFT technology on the future of the Metaverse. The documentary features appearances by Paris Hilton, Gary Vaynerchuck, Mark Cuban, Steve Aoki, 3Lau, Rebecca Jarvis, Kelly Crow, Kenny Schacter, Diana Sinclair, Daniel Maegaard, and Karsen Daily.

Watch “NFTs: Enter the Metaverse” premiering on May 21st on ABC (check your local listings), ABC News Live and the Localish Network.





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Unreal reality: The big leap to capitalise on the metaverse boom

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Will the rise of the metaverse see a move to not only wearing VR goggles, but full body suits to feel the wind, fresh water and even to act as the protagonist in our favourite movie?

Time will tell. But the sense of reality companies eventually develop, and how people react, will be key for companies, fund managers and investors to capitalise on what has been called the next big disruption – the metaverse. 

In the keynote address at Citywire Montreux 2022, researcher and broadcaster Stephanie Hare delved into the tricky questions that surround the great push towards virtual, augmented or mixed realities.



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