Facebook has only been known as a social networking platform since the last seventeen years.

It was also the time of other such platforms like Orkut that had been popular among the young generation. However, due to the extensive lack of strong user base, the social netwroking platform failed and was completely shutdown in 2014.

Apart from this, security and privacy was an added concern for the users which was lacking in Orkut as anyone could view anyone's profile.

Related to these reasons, the most popular social networking platform failed leading an opportunity for others, mainly facebook, to take over the position.

In today's world, technological advancements has evolved, providing large varieties of modernization and digitalization. In order to cope up with the modern changes and requirements of the generations, facebook has recently decided to undergo a complete transition. As expressed by Mark Zuckerberg in the Keynote,

The next platform and medium would be even more immersive. An embodied internet where you are in the experience, not just looking at it.

Focusing on the future, Mark Zuckerberg gave a name to the new universe as 'Metaverse', while Facebook would be referred as 'Meta'.

Key Features of Metaverse

Social Connections

Unblocking the barriers of being socially connected through just the internet, in a social networking platform and chat among each others, Metaverse would let users actually feel the presence. Be it meeting each other, playing games or even arranging a meeting at a conference room, users would be feeling the presence of everything and make an eye contact while enjoying that present moment. Quoted by the CEO, Mark Zuckerberg,

That's what we mean by embodied internet. Instead of looking it at screen, you would be in these experiences.

Entertainment

Relieving off the distance barrier among friends or anyone close to you, Metaverse would let you live the moment with others at some place, physically far away from you. Meeting with friends in a party, Metaverse would enable a richer experience with tons of entertainment options or buying new things in the marktetplace, to be able to exchange or sell them with others.

Gaming

Gaming is one of the biggest industries in the world which has been constantly evolving through years. Artificial Intelligence was introduced into gaming wherein the users experience a neatly woven storyline along with an enjoyable gameplay. Now with the modern technology, gaming has upscaled it's features to a next-gen level.

Metaverse would allow users to experience going head-to-head with other players from around the world. Virtual reality would be actual essence of such an experience for everyone, that would be cherished mostly.

Enhanced Work Culture

Apart from the gaming and entertainment, jobs and work culture is the most important of all for the world economy. Metaverse has the perfect combination of tools which would even more enhance the work from home experience for everyone.

Experience a virtual office environment and be able to meet the coleagues, for a presentation or sharing business ideas.

It basically gives you the opportunity to, you know, sit around a table with people and work, and brainstorm and whiteboard ideas. For people who can't be there through virtual reality, they could just video conference in. So you can include everyone. But it's this pretty amazing experience where, you know, you feel like you're really right there with your colleagues.

Education Experience Like Never Before

Learning anything in the world and more easily while you could actually experience it in front of you. Knowing about something is never quite easy while you read and memorize those to be applied practically, later.

Metaverse would allow users to teleport in time, to back in history and experience the reality. Studying in metaverse would enhance the learning for students through practical visual experience.

For Developers and Creators

Supporting developers and creators is a vital part of enriching contents for Metaverse as well as growing it to the new levels possible. Creators from around the world can sell their creativity, either be it digital or physical. Buying something would apply to the whole metaverse as the user may use that product in any other environment.

Developers are the core creators, who contribute largely in the advancements. Through the available resources and tools, developers could create something unique to add in the metaverse through capitalization.

Through enhanced experience in a virtual environment, Metaverse would further unlock potential future capabilities of the internet. As a starting point, XR Programs and Research Fund has been announced with a two-year $50 Million investment in programs and external research in order to help this combined effort.