Facebook To Change Its Name To Meta

Social media giant Facebook has announced that it plans to change its name. This comes as the company’s founder recently announced his plans to expand in the world of virtual reality and blockchain technology.  

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This week Facebook announced it will be changing its name to Meta. Founder Mark Zuckerberg said he wants Facebook to eventually become a metaverse company, an encompassing digital platform in which world people can interact virtually.

Co-founder of South Africa's first VR metaverse, Mic Mann says Facebook’s Metaverse will come with fundamental changes that will enable people to interact in the virtual world on an entirely different level.

According to Mann, a Metaverse is a persistent virtual reality that people create by creating and accessing it as a 3D avatar. He adds that now with the enablement of Blockchain technology will also enable people to own digital assets.

For the first, you actually own something in the Metaverse. He also points out that there is a bit of skepticism around the possibility that Facebook could try and control the Metaverse.

Additionally, he says that this could be a great opportunity when one considers the enablement of new technologies like virtual reality and blockchain technologies.

Mic Mann is also responsible for the launch of South Africa's first VR metaverse, Africarare, as a 3D Virtual Reality experience, set in uBuntu Land. 

Following the recent growth and popularity of Non-Fungible Tokens(NFTs), the metaverse started off as an art gallery that showcases and sells the digital work of South Africa’s best artists on its Mila Gallery.  

  

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