“Metaverse” may sound like some hackneyed term from a William Gibson novel, but Facebook Inc. Chief Executive Mark Zuckerberg sounded serious last week about its potential to transform the company he co-founded — and the internet itself.
“I wanted to discuss this now so that you can see the future that we’re working toward and how our major initiatives across the company are going to map to that,” Zuckerberg said on a conference call with analysts following Facebook’s FB, 1.98%second-quarter earnings report. “What is the metaverse? It’s a virtual environment where you can be present with people in digital spaces. You can kind of think of this as an embodied internet that you’re inside of rather than just looking at.”