Technology

Facebook Changes Its Name To Meta

You all must know about Facebook, do you know that Facebook is now being rebranded. Yes, from December, Facebook’s new name will be Meta, if you want to know about it, then definitely read this post.

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Facebook Changes Its Name To Meta

Social media giant Facebook will now be known by a new name ‘Meta’. This is a new move by Facebook, Facebook founder and CEO Mark Zuckerberg told about it at the annual conference held in Auckland on Thursday. He took this step keeping in mind the future progress and at the conference, he said, “We are re-branding ourselves to achieve the virtual-reality vision (Metaverse) of the future.” Now for all of us, the Metaverse will be first instead of Facebook first.

Why did Facebook change its name?

Facebook, WhatsApp, Instagram, and other platforms of the company are under the parent company, just as Google’s parent company is Alphabet. This change was made to focus on the Metaverse. The company’s CEO, Mark Zuckerberg, believes that Metaverse will become a reality in the world in the future. They don’t want to be left behind in this competition for Metaverse technology.

What is METAVERSE?

First of all, we know that what is Metaverse?
The term METAVERSE was first used in 1992 by Neil Stephenson who wrote the novel SNOW CRASH. Metaverse is a kind of 3D world that is completely virtual.

Let’s take an example to understand about METAVERSE, suppose you want to go to America and buy something famous or some item there, but you can’t go there due to some reason. But it may happen that someone who looks like you, who is a 3D copy of you, picks up the item from a shop and gives it to the owner of that shop and asks him to book the item and that item is your original. comes home. . If such a phenomenon occurs in this physical world, it is called a metaverse.

If you have seen the Avatar movie then you must know that person goes to a different world and experiences a different world than the world created through the metaverse.

So with this technology of Facebook (Metaverse), you will be able to enter the digital world through virtual identity. That is a different world where you will have a different identity. In that parallel world, you will be able to meet your friends and relatives in this world, from traveling, buying goods.

How does the meta verse work?

Many technologies are used in the metaverse such as Augmented Reality, Virtual Reality, Machine Learning, Blockchain Technology, and Artificial Intelligence.

How long can you get the Metaverse Experience?

Through Facebook’s official blog, we get information that the company is still in the early stages of creating the metaverse. It may take 10 to 15 years for this metaverse to develop fully. For this, the company has also talked about hiring 10,000 people who will work on this big project. Also, let us tell you that only Facebook will not work on this project because it is a big web of many different technologies on which many companies are working together.

Which companies are working on the metaverse?

The metaverse has several categories such as software, hardware, asset creation, interface creation, product, and financial services. Hundreds of companies are working on all these categories. There are many such big names of Facebook who have been working on Metaverse for many years such as Google, Apple, Snapchat, and Epic Games. It is estimated that by 2035, the metaverse could be a Rs 74.8 lakh crore industry.

Let’s take a look at some examples to see how this will change the way you use the Internet:

  • You are walking along a road in a virtual world. In a store you saw a fridge, which you liked. You went to that store and bought that digital currency freezer. Now that refrigerator will be delivered to your residential address (where you will be staying), which means you will get a virtual shopping experience, but the purchase will be real.
  • When you talk to someone on the Internet, it will feel like you are sitting opposite each other. Even if you are physically hundreds of miles away.
  • There is a website https://decentraland.org/ that is a great example of a virtual world. On this website you will find a different virtual world, which has its own currency, economy and region. Here you can buy land with crypto and build a house on it. You can also get a job in this virtual world. This website also works with the Metaverse element.

Trading will also be done under a new name from December 1

From December 1, the company’s shares will start trading with MVRS (Meta Platform Inc) symbol instead of FB. Zuckerberg explained the meaning of the word meta and said that meta comes from the Greek word ‘beyond’. The word best represents the company in the world. Our company makes technology to connect people. The purpose of this change is to present Facebook as a metaverse company.

Zuckerberg said other apps and services from the company, such as Instagram and WhatsApp, will work with the new basic structure. This rebranding is similar to what Google did to set the original structure with alphabetic names. However, Facebook does not perform a restructuring on the alphabet line. According to the company, financial reporting will be split into two segments: Reality Labs and Family of Apps.

Zuckerberg said this change reflects our intentions


“The new name reflects our intentions,” Zuckerberg said. It’s also clear what we want to do. The old name may not have been very successful in communicating our complete and true identity, people still have an attachment to us. From now on, we will be able to better express ourselves. Zuckerberg has also decided to add @meta to the Twitter handle. Also, meta.com now redirects directly to the Facebook homepage.

What are the dangers of the Metaverse?

Metaverse is becoming a celebrity now, people have all sorts of powers in their minds, the biggest question is digital privacy. Tim Sweeney, CEO of Epic Games Co., which has already run Metaverse, said at the Gambit Summit in 2017 that if the platform on which Metaverse is being built, if proprietary companies have more control over it, then they could lose our lives, data private and You will be able to control most of our private conversations. This control will be so much that it has never happened in history until now.

I hope you like this “Facebook Changes Its Name To Meta” post. Thank you

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