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Palestinian Ministry of Health: Two were martyred in Israeli shelling that targeted a besieged house in the town of Qabatiya in Jenin
At least 68 dead in migrant shipwreck off Yemen: IOM
Trump: We want to feed the people in Gaza, we do not want them to starve.
US President Donald Trump: We will impose sanctions on Russia if it does not end the war on Ukraine.
Israeli media: Polls show that 52% oppose Prime Minister Benjamin Netanyahu while only 29% support him.
Israeli media: 32% of Americans still support "Israel's" war on Hamas, while 60% oppose it.
Israeli media: Core US support for "Israel" hits its lowest, while support for Palestine reaches its highest levels.
Al Mayadeen's correspondent reports martyrs, injuries in Israeli bombardment of home in Heker al-Jame area in Deir al-Balah, central Gaza.
Al-Quds Governorate: Today, the spatial division of Al-Aqsa Mosque began in a public and dangerous manner, and we warn of a religious war in the region
The Ministry of Health in Gaza: This brings the total number of victims of famine and malnutrition to 175, including 93 children

Experts Say Facebook's Metaverse Might Flop

  • By Al Mayadeen
  • Source: Reuters
  • 2 Dec 2021 00:33
2 Min Read

Facebook made headlines in November when it altered its name to Meta, announcing its intention to center on the "metaverse."

  • x
  • Metaverse Developers Say Meta May Flop
    Mark Zuckerburg during his announcement that Facebook will become 'Meta' on October 28, 2021

According to Reuters, several of the world's innovators have forecasted that Facebook risks losing in the metaverse - and a forthcoming revolution in consumer behavior - if it does not allow digital ownership.

The details of the rebrand have been unclear in terms of innovation and profit. 

At the Reuters Next conference, Yat Siu, chairman and co-founder of Animoca Brands, an investor and innovator of metaverse platforms, says "What Facebook is doing with meta...is a 'fake metaverse,' unless they have a real description of how we can truly own it."

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"Until then, it's just Disneyland. It's a beautiful place to be, but we probably don't want to really live there. It's not the kind of place that we can actually build a business."

The term "metaverse" refers to a collection of public locations accessible via the internet. Some employ smart glasses that offer augmented reality, albeit contemporary platforms frequently resemble the interior of a video game rather than the real world.

The metaverse is proving to be highly profitable, with an online "real estate" property being sold for $2.4 million last week.

Facebook offered no reply for requests to comment, but its initiation in the project has piqued the interest of many to join.

Meanwhile, companies have been looking to get a share in the action and attorneys attempting to define what digital ownership truly is. 

  • Metaverse
  • Meta
  • Facebook
  • Mark Zuckerberg
  • Whatsapp
  • Twitter

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