Zuckerberg’s META and its implications for the growing Metaverse.

This year, a lot of talks especially in the crypto and the tech community have revolved around the Metaverse. Which is supposed to act as the next stage in the evolution of the Internet of Things. Where people can be connected virtually, in more ways than one. The metaverse offers huge promise in the fields of gaming, business, and a multitude of other fields that thrive in the existence of the Internet.

Metaverse is mostly a major point of discussion in the cryptocurrency community due to the fact that it has multitudes of implications in the field, and is seemingly the next big thing in the industry after ICOs, DeFis (Decentralized Finance), and NFTs, with many people seeing the upcoming platform as an added avenue for cryptocurrencies to thrive and flourish in.

That being said, one can note that Facebook’s CEO, Mark Zuckerberg banked on this hype and idea and started onboarding their patrons and the general public of their new project: META. Meta pretty much covers what the previous Metaverse concept does, with some added features that are specifically catered towards users and customers of Facebook and its affiliate platforms.

Now how does this serve the growing Metaverse?

It could either be good or bad honestly. On one hand, Facebook could spearhead the movement of Metaverse-related technology and pioneer the first programs that could be used within said space. The fact that a billion-dollar company is to act first and basically experiment on the infantile platform could provide healthy insights for future programmers and enthusiasts. Making the Metaverse a more polished concept rather than just “Virtual Reality over the Internet” which is what it mostly resembles right now judging from the concept photos and the statements released by top-tier programmers on the web.

On the other hand, we have a more dystopian setup. With META pioneering the project, there is a good possibility that their projects, be it a success, would acquire future standalone and indie projects making the space a monopoly that favors their multi-billion project, rather than the open-source and free-thinking capabilities that the space provides. This, unfortunately, means that as the prime core of the Metaverse, they could pretty much store every possible bit of information from every single entity on the planet, a bit of a stretch, yes, but quite possible, and use it for their own gains.

The latter is currently seen in some isolated cases which makes critics of the Metaverse grow more spiteful of the ever-increasing hype over the project. But no matter how much hate they throw, it seems as if this wave isn’t going to subside any time soon.

At the end of the day, one can only hope that the Metaverse is another platform where people could express their ideas, build their own personalities, and of course, interact with other people. What the big companies are up to is basically up to them, but would be critical in the future this budding platform’s promises.

Zuckerberg’s Facebook became a landslide hit from all people across the world and became the catalyst for social media to be more ubiquitous among the 21st Century commoners, this at least gives the reassurance that all pieces of knowledge he had learned throughout his journey would provide useful information that the Metaverse needs in order to thrive.

Telegram.Twitter .Facebook. Linkedin. Blog.



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store