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Facebook is Spending $50 Million to ‘Responsibly’ Build the Metaverse
Summary: Facebook will invest $50 million to partner with organizations to responsibly build the so-called metaverse - a digital world where people can use different devices to move and communicate in a virtual environment, it said on Monday. The money will be spent over two years through its XR Programs and Research Fund, with plans to ...
Facebook will invest $50 million to partner with organizations to responsibly build the so-called metaverse - a digital world where people can use different devices to move and communicate in a virtual environment, it said on Monday.
The money will be spent over two years through its XR Programs and Research Fund, with plans to work with other organizations, nonprofits, academic institutions and governments. A metaverse would need more than just Facebook to create it, the company says, and it could take 10 to 15 years to bring this idea to fruition.
By Amy Liu
Tags: Facebook,Metaverse
Link: Facebook is Spending $50 Million to ‘Responsibly’ Build the Metaverse [Copy]
