Recently, Facebook has announced that they will be changing their name to Meta. Now I know the question you might be asking…what does this mean? Well at the time of writing this post, nothing. But let’s dive into the meaning behind the change, and why the term “Metaverse” has been such a hot topic as of late.

Here’s the announcement video, if you haven’t seen it already.

If you haven’t been following tech news lately, there has been a plethora of small, and large companies trying to establish the “metaverse” based on popular films & books like The Matrix, and Ready Player One. If you don’t know what those are, I highly recommend looking into them.

So, what exactly is the Metaverse?

Essentially, the Metaverse means that we will be able to live a second-life in a digital world. You can socialize with other “Avatars” (people), shop at your favorite stores, attend work meetings, and explore virtual worlds. There are already some games/entertainment that resemble a smaller form of the metaverse such as VRChat, Rec Room, or even Second Life.

I’ve actually played VRChat and I have to admit, it is quite fun. You can attend virtual comedy clubs, play virtual minigames, all with a VR headset. Here’s a video that shows off some of VRChats best features.

So after watching that video, you get a brief idea of what to expect. However, “Meta” AKA Facebook is trying to turn this into a second world, where everything you can do in the physical world, can be done in this virtual world. Personally, I don’t think we currently have the technology to do so, however I’m not going to be a hater and discredit them.

The Dark Side of Things.

As with everything, giving people the freedom to do as they please often results in bad behavior, especially in a virtual place where there are no “real life” punishments. I can already imagine what people will do when this releases. Trolling, Bullying, Infiltrating virtual business meetings, etc. Those are just minor things I can think of.

Scam or Not?

There are many smaller, crowdfunded startups promising to deliver the Metaverse to their backers. While this is a noble goal, it leaves many skeptical. Let’s take a look at a controversial project that promises to deliver a metaverse, cryptocurrency, and NFTs to their users.

This project is called, Earth 2.

What is Earth 2?

Well currently, it’s a website where you can purchase “virtual land”. And at the moment, that’s pretty much it. The developers promise to make this land usable, but as of now it’s only there to be purchased. There are content creators who have built up quite a viewership covering this topic, and if you are interested here’s a video covering this mess. And when I say it’s a mess, it’s a MESS.

When it comes to this topic, there is a lot to talk about. This is something that will definitely be happening in the future, so all we can do as of now is sit back and watch this new technology play out.

Tune into next weeks blog, where we will be covering another huge, trending topic…..NFTs & Cryptocurrency!

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