Facebook plans to create its own “Metaverse”

the founder of facebookMark Zuckerberghas publicly announced its ambitions to turn the social media giant into a “metaverse company”, a move that could affect Diem, the company’s stablecoin.

Mark Zuckerberg. Source: video recording, Youtube, CNBC Television

During an interview with The Verge, Zuckerberg claimed that “an appropriate image of a metaverse is not one that builds a specific company,” but rather one that emphasizes “interoperability and portability.”

The Metaverse is defined as a shared virtual collective space created by the convergence of virtual augmented physical reality and physically persistent virtual space, including the sum of all virtual worlds, augmented reality and the Internet.

zuckerberg said:

“You have your avatar and your digital assets and you want to be able to teleport anywhere. You don’t want to be stuck in a single corporate world. […] I think for it to work really well, you want things that are transferable and interconnected.”

He added that he envisions an “embodied internet”, which would not be centrally managed, but rather be managed in a “decentralized” manner by a number of different players.

According to Business Insider, a Facebook spokesperson claimed that Zuckerberg “didn’t think the metaverse was something one company alone could build or run.” Instead, “it’s a collaborative movement that developers and creator communities must consider in order to be successful.”

Proponents of Metaverse have long speculated about what kind of role cryptocurrencies, in-game currencies, other digital tokens, blockchain technology and non-fungible tokens (NFTs) could potentially play in the future development of the space.

And while global regulators have already forced Facebook and its partners Diem (formerly Libra) to abandon plans for a global stablecoin in favor of a less ambitious version, the social media giant could be looking for a new vein as metaverse architects try to create a dominant one. digital currency to use in space.

On the Reddit subreddit r/CryptoCurrency, some expressed doubts, with one saying that Facebook quickly became irrelevant as it was now largely populated by “toxic Boomers yelling at each other”.

Another argued that the metaverse offering would “eventually fail” because “the next generation of the Internet won’t work on Facebook.”

But not everyone is against Facebook’s plans. A Reddit user claimed that the company has “the best developers in the world and the biggest team in the” [réalité virtuelle]and this from afar”:

“They are so far ahead that I have no doubt they will master the first mainstream metaverse and with their resources they will have exclusive deals [avec des musiciens et des cinéastes]†

For his part, on Twitter, Miko Matsumurathe founder of the crypto exchange evercoinand partner of Gumi Cryptos Capitalalso urged caution.

A crypto enthusiast has confirmed that this choice would inevitably be a “major event” for the world of NFTs, the Ethereum blockchain protocol on which most NFTs are launched and “crypto in general”.

But Matsumura replied that “he wanted nothing to do with The Metaverse”.

He added :

“A single monolithic metaverse is a monopoly. We want a multiverse. A single metaverse is an obstacle to human freedom. We need alternative places to escape to if the ‘dominant’ turns out to be a scam.”

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