Facebook risks meta flop, metaverse developers say

Facebook risks meta flop, metaverse developers say

Facebook risks meta flop, metaverse developers say

Information about Facebook risks meta flop, metaverse developers say

Kevin David Scam or Legit


(Corrects to fix literal in last paragraph)
By Elizabeth Howcroft
LONDON (Reuters) -Facebook risks missing the point of metaverse – and a coming shift in consumers’ behaviour – if it fails to permit digital ownership, according to some of the virtual world’s pioneers.
The social media giant made waves last month by changing its name to Meta Platforms and announcing a focus on the buzzy “metaverse”.
However, with few details beyond the rebrand, metaverse participants doubt it is ready to embrace the spirit driving creativity and profit in the space.
“What Facebook is doing with meta…is a ‘fake metaverse,’ unless they actually have a real description as to how we can truly own it,” said Yat Siu, chairman and co-founder …

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