The Combination of Virtual and Reality: The Development Status and Future of the Metaverse

Facebook’s multi-faceted layout Metaverse

On October 28, 2021, Facebook announced that it would change its name to “Meta”. Looking back at the development of the Facebook Metaverse world, it is mainly divided into three contexts: the hardware side, the content side, and the overall layout. In March 2014, Facebook acquired OculusVR for $2 billion, setting off the first wave of VR/AR boom. At present, its Quest2 has become a benchmark product for VR headsets (Quset2 sales are expected to be 2.5-3 million units in the first half of 2021). After 2019, Facebook deployed blockchain and acquired VR game platforms to continuously enrich the content. In June 2019, the company released Libra virtual currency, and acquired 5 VR game studios such as Unit2Games and BigBoxVR in the past two years. In March 2021, Roblox was listed, and the concept of “Metaverse” emerged. Facebook introduced the concept of Metaverse and began to fully deploy the Metaverse. Facebook founder Zuckerberg announced that Facebook will transform into a Metaverse company within five years and continue to invest in the Metaverse field in the next ten years. In addition, from the fourth quarter, Facebook will disclose the financial data of Facebook RealityLabs as a separate department. With the change of name to “Meta”, Facebook will officially undergo a strategic transformation.

Facebook plans to build a new digital virtual world

The Facebook Metaverse plan is not limited to the social field. The long-term goal is to build a new digital virtual world. The company will make efforts in the fields of games, social interaction, education, work, etc., to include all aspects of users’ daily life. Games are currently the most accessible entry point for ordinary consumers, and Meta will expand the boundaries of future games to further fill its lineup of VR games on its platform. In terms of social networking, the company launched the Horizon platform to allow users to customize virtual images and spaces, and use the Messenger function to expand the social connection between the real and virtual worlds. The Metaverse office program will promote the efficient development of virtual world office. The company will launch Quest forBusiness work functions based on Quest devices, including using a work account to log in to Quest2, and provide enterprises with account management, IDP, SSO integration, mobile device management, etc. The arrival of the Metaverse will reshape the future of education. The company plans to establish a $150 million education special development fund to establish a complete learning ecosystem and provide users with an immersive educational experience.

The Combination of Virtual and Reality: The Development Status and Future of the Metaverse

The Combination of Virtual and Reality: The Development Status and Future of the Metaverse

The Combination of Virtual and Reality: The Development Status and Future of the Metaverse

The Combination of Virtual and Reality: The Development Status and Future of the Metaverse

The Combination of Virtual and Reality: The Development Status and Future of the Metaverse

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