Does Facebook Own the Metaverse? 7 Metaverse Myths Busted

Ever since Fb introduced it was altering its identify to Meta, the metaverse has develop into a part of our each day lexicon. The metaverse guarantees to rework how we work together with the world the identical method the web and smartphones did within the Nineties and early 2000s.

Nevertheless, many misconceptions exist about what the metaverse is and what it’ll develop into. That can assist you type truth from fiction, we have compiled an inventory of among the commonest myths concerning the metaverse.


A picture of Facebook's new meta logo for the metaverse

No. Fb does not personal the metaverse, however the firm has its sights on enjoying a outstanding position in shaping and growing this digital world. Fb hasn’t wasted any time getting began making inroads into the metaverse.

The corporate has acquired Inside, a start-up most well-known for its Supernatural exercise app. It has additionally introduced offers with different corporations associated to the metaverse, together with Downpour Interactive, Bigbox VFR, and Unit 2 Video games.

Though the metaverse does not belong to Fb, it has made important inroads into the metaverse. Some consider it might find yourself dominating the brand new realm.

Fb executives have downplayed issues concerning the firm’s position within the metaverse, saying, “Meta is just not going to construct, personal, or run the metaverse by itself. We’re beginning conversations about our imaginative and prescient for the metaverse early, earlier than among the applied sciences even exist…”

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Solely time will inform what position Fb will play within the Metaverse. We’ll all have to remain tuned.

Associated: What Is the Metaverse?


A woman exploring augmented reality with AR headset in the metaverse

From Roblox and Minecraft to Sandbox, Axie Infinity, and Decentraland, the Metaverse has been with us in some type for effectively over a decade.

Many hint the metaverse again to Second Life, a digital world that debuted in 2003, permitting customers to discover, socialize, and commerce items and companies with different customers.

With massive tech investing closely on this new world, the metaverse will increase and evolve, changing into an immersive world and part of our each day lives.


Facebook Meta VR Oculus Headset for use in meteverse

Though digital actuality (VR) headsets appear to seem in nearly each story concerning the metaverse, you do not have to purchase one to entry the metaverse.

You need to use a VR headset on websites like CryptoVoxels for a extra immersive gaming expertise, however it’s not required. You do not want a VR headset to go to among the hottest metaverse websites, together with Decentraland and The Sandbox. All you want is a pc, smartphone, or pill.

Whereas VR and augmented actuality (AR) headsets aren’t required to entry right now’s metaverse, we are able to count on them to play a big position in the way forward for the metaverse. Tech corporations are racing to construct VR and AR headsets with Meta, Sony, and Apple set to launch new VR and combined headsets in 2022.

You do not want a VR headset to entry right now’s metaverse, however it’ll most likely be required for the whole metaverse expertise in a couple of years.


Digital character gaming in the metaverse

Gaming is usually the very first thing that involves thoughts when somebody mentions the metaverse. Whereas the digital gaming worlds in Minecraft, Roblox, Fortnite, and different video games are sometimes listed examples of the metaverse, they’re nonetheless stand-alone universes (and it is debatable whether or not these on-line gaming worlds rely as a “metaverse,” both).

Because the metaverse evolves, digital worlds can be interconnected, and it will not cease at gaming. As a substitute, the metaverse will embody well being, health, style, leisure, and work.

Most significantly, the metaverse will help you transfer content material between digital worlds, one thing not potential inside right now’s metaverse video games.


Corporations comparable to PWC have already opened branches within the metaverse, permitting them to entry prospects wherever they occur to be on the planet. Different corporations like eXp Realty have leveraged digital worlds for years, by no means organising brick-and-mortar workplaces.

Sooner or later, the metaverse will embody way more than video games.


The interconnected metaverse world

The metaverse typically feels like an enormous alternate universe backed by company giants like Meta. In actuality, the metaverse contains many interconnected worlds utilizing highly effective know-how, together with synthetic intelligence, VR, AR, blockchain, and 3D graphics. A minimum of, it’ll.

Anybody can create a world throughout the metaverse, with its personal algorithm and potentialities—all related to the real-world economic system. Because the metaverse expands, you possibly can count on worlds with practical avatars, detailed maps, and numerous backstories.

You get to decide on the worlds you need to take part in, which occurs to be among the best issues concerning the metaverse.


A photo with code and a lock representing hacking and cybersecurity

The metaverse is not with out dangers, however it’s not riskier than utilizing the web. Legal hackers will undoubtedly see alternatives to steal info and different items on this alternate universe.

Simply as stalking, bullying, and different dangerous behaviors moved from the actual world to the web world when the web grew to become mainstream, we are able to count on the identical to occur within the metaverse.

The privateness points which have plagued the web, together with tailor-made adverts, may also possible exist within the metaverse. Chances are you’ll search for at a billboard whereas driving your digital automotive by means of the metaverse and see an commercial for the pc you are contemplating shopping for.

For those who use frequent sense and take sufficient measures to guard your privateness, there is no purpose to contemplate the metaverse an inherently harmful place.


Purchasing real estate in the metaverse

When deciding to spend money on property in the actual world or the metaverse, crucial factor to contemplate is the ROI or return on funding. For those who consider the metaverse is the long run and has room to develop, you’d most likely conclude that investing in actual property on this new world is a good suggestion.

Many corporations and traders have concluded that metaverse actual property is price their cash, with gross sales topping $500 million in 2021. Whereas it might sound unusual to buy actual property in a digital world, metaverse property has lots of the similar traits as real-world actual property, together with shortage, immobility, and uniqueness.


Now, we’re not saying whether or not investing in land within the metaverse is sweet or unhealthy. Solely you possibly can determine that, and it is best to full as a lot analysis into metaverse land possession as you possibly can earlier than investing something. Bear in mind, by no means make investments greater than you possibly can afford to lose.

Associated: Learn how to Purchase Digital Land within the Metaverse

Though we’ve a good suggestion of what the metaverse will appear to be sooner or later, we can’t know precisely what to anticipate till we get there. The metaverse can probably rework how we work together with the world, with some arguing that we’ll dwell extra within the digital world than in actuality.

What we do know is that the metaverse will most likely be the most important digital revolution for the reason that World Large Internet.


decentraland mana logo metaverse feature
What Is Decentraland (MANA)? Is It the Similar Because the Metaverse?

Decentraland has been thrust into the limelight because the world wakes as much as the metaverse. However, what’s MANA, and the way does it work?

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