Mark Zuckerberg, CEO of Meta, has his sights set on the big picture: a more decentralized and interoperable metaverse that would enable individuals in the virtual world to freely develop, market, and share their ideas.
Earlier this week, the 37-year-old Chief Executive Officer said that the light for a Metaverse was turned on at an early age. Although the concept had been considered before Zuckerberg’s 2004 founding of Facebook, it was only now that the firm was fully committed to bringing it to reality.
“I believe it was always evident at some level that this would be the ultimate goal of a digital social experience,” he said. “We began working on this with the firm approximately seven years ago and were soon joined by the oculus team.”
Zuckerberg also reaffirmed his acceptance and support for the whole blockchain industry and cryptocurrencies, which he feels are still in the early stages of development.
“I am quite positive about crypto, web 3, and the overall trajectory; I believe it is still in its infancy in comparison to what it will become in its full potential.”
The Metaverse will foster an atmosphere conducive to NFT developers and other builders charting their own course. Additionally, students will have unrestricted access to all the equipment necessary to work on their projects and engage with one another under one roof.
According to Mark, “the metaverse promises to be a lot more interoperable,” where “you can kind of have your identity, expression, avatar, and whatnot and bring them across various experiences.”
He further emphasized that with such interoperability, the creator ecosystems’ present challenges, like as high costs associated with minting and selling NFTs across many blockchain networks, would be eliminated, enabling buyers and sellers can settle on their own rates.
Facebook was renamed as Meta on Thursday, a corporation dedicated to “bringing the metaverse to life and assisting individuals in connecting, discovering communities, and growing companies.” Additionally, Mark unveiled new tools to assist creators in developing for the metaverse, including The Presence Platform and a $150 million fund to train the next generation of metaverse producers.
As part of its overall metaverse expansion strategy, Facebook (now Meta) introduced its digital wallet, Novi, in certain areas of the United States and Guatemala last month. Novi is now in the experimental phase. However, the company’s intentions to introduce its own digital currency, Diem, have been postponed due to worries and scrutiny from US officials who believe the money may do more damage than good.
Also Read: Chinese Authorities Seize $62 Million In An Alleged Ponzi Scheme Involving Filecoin Miners
Wallets