Facebook invests $50 mln to build the ‘metaverse’ in responsible manner

Facebook Inc will invest $50 million to partner with organizations to build the so-called metaverse here – a digital world where people can move between different devices and communicate in a virtual environment – in a responsible manner, it said on Monday. Facebook, the world’s largest social network, has invested heavily in virtual reality and augmented reality, developing hardware such as its Oculus VR headsets and working on AR glasses and wristband technologies.

Read how Mark Zuckerberg’s Facebook Inc. plans to invest $50 million for building a prim and proper Metaverse in collaboration with other stakeholders on Reuters.

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.