Mark Zuckerberg announced the renaming of the Facebook group to Meta , "A Social Technology Company," in October 2021, a decision explained in a letter from the founder : " We are at the beginning of the next chapter of the internet, and it is also the next chapter for our company.
" Meta is the ambition of the Menlo Park firm to shape the next south africa phone number library generation of the 3D Internet. In 2021, this ambition will have cost Meta no less than $10 billion, and disgruntled shareholders. The metaverse is far from profitable, but Mark Zuckerberg stressed the importance of offering a product that lives up to his hopes, and those of users : " Ultimately, our continued success depends on creating products that people find useful and want to use ." Nick Clegg, Facebook's vice president of international affairs, said that the metaverse would take 10 years to build.
2 Seoul launches its Metaverse In November 2021, the Seoul Metropolitan Government announced its intention to become the world's first metaverse-enabled city . With its "Metaverse Seoul ," the city intends to create a virtual communications ecosystem for all areas of its municipal administration, including economic, cultural , tourism , educational, and civic services, in three stages starting in 2022. The 3.9 billion won ($3.3 million) project is part of Mayor Oh Se-hoon's vision of making Seoul an "emotional city of the future." South Korea is the Asian country that is betting the most heavily on the metaverse (200 billion investment), with its advantage in both hardware and content , and a clear strategy that aligns government and business .
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