"Our hope is that within the next decade, the metaverse will reach a billion people, host hundreds of billions of dollars of digital commerce, and support jobs for millions of creators and developers," Zuckerberg wrote in October. And in its third-quarter earnings results in October, the company announced it will break out the Reality Labs hardware division into its own reporting segment in the fourth quarter.Īlso in October, Facebook said it will spend about $10 billion over the next year developing technologies to build the metaverse. Two months later, Andrew "Boz" Bosworth, who is currently head of the hardware division, was elevated to the role of chief technology officer, starting in 2022. In July, Facebook, run by CEO Mark Zuckerberg, announced the formation of a team that would work on the metaverse. The button is randomly placed meaning that no two games are ever the same. There are currently 3 worlds available to play 'Cuddly Critters', 'Steampunk' and 'The Haunted House' with a forth world in the works. But the company has made building technologies, products and services for the metaverse a central focus. Hunt the Button is a game for all ages, players must find the button in each room to open the portal to the next one. There, they can play games and interact with other users' avatars.įacebook acquired Oculus for $2 billion in 2014, and has since struggled to get market traction beyond a niche audience. In Horizon Worlds, users of Facebook's Oculus virtual reality headsets can create a legless avatar to wander in the animated virtual world. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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