Facebook Inc will invest $50 million to partner with organizations to responsibly build the so-called metaverse—a digital world where people can use different devices to move and communicate in a virtual environment, it said on Monday.
Facebook, the world’s largest social network, has invested heavily in virtual reality and augmented reality, developing hardware such as its Oculus VR headsets and working on AR glasses and wristband technologies. The company has been criticized over its impact on online safety.
