Who Is The Owner Of Metaverse? (Facebook or other?)

Who is the owner of metaverse? Is it Facebook or any other company? Will Facebook control the metaverse? Who is the real owner of the metaverse?

In this Internet world, there are so many new technologies coming day by day and the one that is popular very rapidly is metaverse.

As the popularity of metaverse is growing in India and all over the world people are just curious to know who is the owner of the metaverse?

Let’s know this—

Who Is The Owner Of Metaverse?

 
Who is the owner of metaverse
 
 
Some people are just saying that Facebook is the owner of the metaverse but it is not true.

Why?

Because metaverse is not a company nor any software, or anything which can be owned by a company.

The Epic games chief said “The metaverse is a term like an internet. No company can own it,”

Metaverse is a kind of digital space where all of us can do anything in a virtual world via our digital avatar.

And that virtual world called as “Metaverse

You can just understand this metaverse technology as the Internet.

As you know that internet is not a thing that can be owned by a single company for a single person, it is a technology and the metaverse is also a web 3.0 technology.

Do you know about web 3.0?

Web 3.0 is a new technology that is something called the next world of the internet. It runs on blockchain technology show that every person will be the owner of everything.

If you know about blockchain technology then you can understand it very easily.

Now I hope I cleared your this doubt about the matter was that who is the real owner of metaverse?

I hope now you understand, the metaverse is not something that can be owned by any company or any individual.

Now come on to the second popular question—

Is Metaverse Owned By Facebook?

Some people have misunderstandings about the owner of metaverse. They all know that Facebook founder & CEO Mark Zuckerberg is the owner of metaverse.

But is that true…

NO.

Because Facebook is just changing its parent company name to “META” which means Facebook shifted its all focus on the metaverse.

Metaverse is going to be a broad technology in the future that can change the world but to access this technology we have to need VR, AR glasses on our eyes.

Virtual reality and augmented reality will play a very important role in the metaverse.

  • Mark Zuckerberg is very positive about this technology for India so he says that India has shown very fast growth in the gaming industry in past few years.
  • He also said that India can be the largest app developer in 2024. In AR developer communities India has already at a great place and India’s talent pool will play a huge role to develop metaverse experiences for billions of people in the future.

Virtual Reality, Augmented Reality, Cryptocurrency, and the Internet all together form this digital world called the Metaverse.

Metaverse Access to this virtual world will require high-speed 5G internet.

Will Metaverse Controlled (Owned) By A Single Company?

No single company can own Metaverse like if we see in India itself, then many companies are working on developing Metaverse technology.

On the other hand, apart from Facebook, big companies like NVIDIA, Microsoft, and Epic Games are also working on the metaverse.

Although the Google Glass released by Google had failed miserably, those smart glasses were being told as the future technology at that time.

In 2003 there was a game called Second Life in which you could create anything in the real world by creating your avatar in the virtual world and now in 2022 the founder of Second Life Philip Rosedale is again started working on metaverse technology.

Apart from this, companies like Decentraland and Sandbox are investing in buying digital assets like Millions of Dollars virtual land and they also have their crypto coins then.

If you invest in their cryptocurrencies and if metaverse is popular in the future then with these companies Along with this your money will also grow.

Related: Is Metaverse Crypto A Good Investment?

Who Can Be The Owner Of Metaverse?

The metaverse is not a new concept. The term was first mentioned by Neal Stephenson in his 1992 science fiction novel “Snow Crash”, which imagined a dystopian world.

And now big companies are going to make that virtual world a reality.

In this virtual world you can meet your friends and relatives like the real world and get the real feeling of their being there, in this you can play virtual 3D games, hold online meetings, shop online and more Apart from this, a lot of useful work can be done in the metaverse.

The interesting thing is that people are getting married in the metaverse too.

You’ll need to wear a VR headset to do all this and only then will you be able to experience the metaverse.

But in today’s time, the metaverse is in the developing stage, that’s why the size of these headsets is very high, due to which it is not convenient to wear them for a long time.

But in the future, preparations are being made to make them size like normal glasses so that more and more people To be able to spend time in the metaverse for a long time.

Currently, Meta’s Oculus Quest 2 headset is believed to be the most accessible and affordable in 2022, with prices ranging from around $300 to $400. While the cost of Microsoft’s HoloLens augmented reality glasses is $3500.

Many games and apps will also be developed in these AR, VR headsets, like Facebook’s Oculus headset, you can have virtual meetings through an app called Horizon Workroom.

The app provides a virtual space in which you can connect with your team and discuss ideas with them.

In the coming times, all the big brands will use the metaverse for their advertising and promotion.

The demand for Augmented Reality and Virtual Reality Headsets is also going to increase in the future, so the companies who have started working on this technology now will get a lot of benefits in the future.

Who Will Be The Biggest Owner Of Metaverse?

This question can also be like:

  1. Who will have the most control over the metaverse?
  2. Will anyone company control this digital world?

There is no doubt that the companies that have just started working on this technology or those who have been working for a long time will dominate this world in the coming time.

For example, Facebook has hired 10,000 of the most skilled people from the European Union to develop the metaverse with its full focus and to be at the forefront of this technology.

If Meta dominates this digital world in the coming times, then it will not be right for the general public because then more than half of our life control will be in the hands of one company.

Many people are also criticizing this technology and some people have even dubbed it as “opium for the masses”. And some are saying that Facebook is pretending all this to avoid some of its controversies.

Whereas Mark Zuckerberg says that all this is a conspiracy to defame his company and nothing else.

But what is the truth, only time will tell. Big tech giants investing billions of dollars to take advantage of an early mover in the metaverse.

For example, Microsoft has acquired game development company Activision Blizzard, which is the largest California-based video game holding company in the world, to develop its metaverse. In this deal, there will be a transaction of $ 68.7 billion, which is the largest purchase ever made in this industry.

And with the acquisition of Activision Games, Microsoft has become the third-largest company in the world in terms of revenue after the company Tencent and Sony.

Also Read: 

Who is the Owner of Metaverse FAQ’s

Who is the real owner of metaverse?

Metaverse is a new emerging technology. It is not a company, not software so metaverse cannot be owned by anyone.

Is Mark Zuckerberg the owner of the metaverse?

Mark Zuckerberg has just changed the company name from Facebook to ‘META’ because he wants to set their all focus from a social media company to develop metaverse experiences for millions of people. But it doesn’t mean that Mark Zuckerberg is the owner of the metaverse.

Who can own the metaverse?

As I said, the metaverse is not something that can be owned by a single entity or a single company. One company can develop this technology to take its brand to the next level.

Will Facebook control the metaverse?

Facebook is now developing VR and AR technologies to be a big player in the metaverse digital world. It also created VR headset oculus and apps like horizon workrooms to provide its users an accessible and affordable metaverse experience.

Who is the owner of the Metaverse Conclusion

In this post I tried to give you full information about (Who is the Owner of Metaverse) because there are many confusion about it.

Today I tried to give you some useful insights about this virtual world. I hope you find this information useful for you.

If you still have any questions related to this post then you can ask me in the comment section.

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