Mark Zuckerberg's Meta plans to invest $10 billion into the Metaverse

Mark Zuckerberg met with Vayner Media CEO Gary Vaynerchuk on November 12, 2021, to discuss the next platform transition called  Metaverse or Web 3.0. Zuckerberg heads a company formerly called Facebook and now called Meta, and explains why he believes that Metaverse will emerge as the next big thing on the technological frontier. In a nutshell, Zuckerberg explains that Metaverse is a combination of augmented reality and virtual reality. "Virtual reality" can easily be  defined as a fully digital interactive world, while "augmented reality" is a virtual world projected onto the world  we see today.

Meta CEO said the company is investing $10 billion in the future of Metaverse, and that money will be used to bring people together through this new digital experience. Zuckerberg talks about the Internet's timeline, from its inception to moving mainly from text to cell phones with cameras and shifting the  focus of images. Zuckerberg says  video formats are primarily about how we share social experiences, and what we're going to do next will be the metaverse.

"There's going to be something after video, and it's going to be much more immersive, and it's going to be something you can do throughout the day. So, you will have virtual reality for when you want to go into a really immersive zone, and you'll have augmented reality to have holograms. You can imagine a version of this conversation three or five years from now where instead of doing this [interview] over video, you're a hologram here in my living room, or I'm a hologram in your living room," said Zuckerberg.

For those who are still  confused about what  Metaverse is and what the technology can do, I recommend watching the full video where Zuckerberg does a fantastic job providing a real-world application for this technology.