Facebook will change its name to make way for Mark Zuckerberg’s metaverse

Key facts:
  • Facebook, the social network, will become an ancillary product for the metaverse business.

  • The technology company’s new name is still kept confidential.

Facebook will change its brand name to one that reflects CEO Mark Zuckerberg’s approach to the metaverse he intends to transform the company into. According to information published by The Verge, the change will happen as soon as next week.

The disclosure, attributed to a “source with direct knowledge of the matter,” indicates that the Facebook CEO could announce changing the nameAt the latest, at the company’s annual conference, Connect 2021, which will be held on October 28.

The new name of the tech company is still unknown. However, it is expected that the change will not affect the social network Facebook, but rather the conglomerate that currently bears this name and includes other products such as WhatsApp and Instagram.

a metaverse, that it A virtual environment in cyberspace where people interact socially and economicallyThrough their icons or avatars. The term was first used in 1992, in a science fiction novel.

This concept is making more and more headlines. There are many games in the cryptocurrency world NFT world famous, Aiming to build their own metaverse. In the same way, the idea is attracting investors from the technology sector, some of whom, like Mark Zuckerberg, are peeking into the next digital world.

a Mail Posted on the Facebook blog last Sunday, October 17, it was reported that the company It aims to build a computing platform based on the concept of the metaverse. To this end, it will rely on technologies such as virtual reality and augmented reality.

The name change will not affect the social network Facebook, but rather the conglomerate of companies with that name. Source: Pixabay.

In this post, Facebook announced a plan to employ 10,000 people in the European Union, to begin building and giving life to the virtual universe.

A new, more positive image?

Bringing Facebook branding with it comments on potential targets, after joining the stream of metaverses. he thinks that The Rebranding It could be a way to keep the new venture away from negative opinions generated by the company’s business model, as well as constant scrutiny by regulators and lawmakers.

Currently, Facebook is continuing its plans in terms of digital payment systems, which began in 2019 with a failed project of its own cryptocurrency called Balance. As reported by CriptoNoticias, just yesterday October 19th, a Novi . Wallet beta test, which will use Pax Dollar (USDP), not DIEM, Facebook’s private token.

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Lovell Loxley

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