Mark Zuckerberg, Facebook CEO Announces Change Of Its Corporate Name To Meta

Facebook CEO Mark Zuckerberg announces the top social media is rebranding its corporate name to Meta. Also, Mark Zuckerberg notes it focuses on building out its metaverse vision with immersive spaces and experiences where people can digitally connect.

“The metaverse is the next chapter for the internet and…”
“it’s the next chapter for our company too,”
So, Mark Zuckerberg states at Facebook’s annual Connect 2021 conference.
“Today we are seen as a social media company but in our DNA we are a company…”
“that builds technology to connect people and the metaverse is the…”
“next frontier just like social networking was when we got started.”

Furthermore, Mark notes the company will work on interoperability, privacy and safety, avatars. Also, on gaming, teleporting, and virtual goods as it builds out its metaverse ecosystem.

Then, Mark Zuckerberg explains further.
“In order to unlock the potential of the metaverse there needs to be interoperability…”
“and that goes beyond just taking your avatar and digital items across different apps and…”
“experiences which we are already building an API to support …”
“This is going to require not just technical work like some of the important projects that…”
“are going on around crypto and NFTs in the community now,”

More so, Mark continues

“It’s also going to take ecosystem building, norm setting and new forms of governance.”

Lastly, The company has plans to build a marketplace where creators can sell and share 3D digital items, according to Mark Zuckerberg.

“Our hope is that this will enable a lot more commerce and help grow the overall metaverse…”
“economy because at the end of the day it is really the creators and developers…”
“who are going to build the metaverse and make this real,”

Then, Mark Zuckerberg concludes.

Photo credit – The verge