Meta: first major setback in the metaverse

Facebook’s parent company, Meta, has won over many investors with its vision for the Metaverse. According to a report by information However, a few months after the announcement of the new name and the new Metaverse vision, the American group must face its first big setback.

Noisy information Meta has stopped developing its own operating system for its VR/AR glasses. About 300 developers worked on the project for about four years.

Oculus glasses currently use an open source version of the Android operating system. This version must now be modified accordingly and adapted to the needs of the Metaverse. But according to the report, work on the company’s own operating system isn’t completely off the table just yet.

Zuckerberg’s vision of the metaverse

According to Mark Zuckerberg, the Metaverse will be an open ecosystem with standardized interfaces, which will be built by its users and other developers and companies, and in which privacy and security will put the user first.

In the Metaverse, users could immerse themselves in various virtual realities using their digital avatars from their “homespace”. In the realm of entertainment in particular, there are no limits to the imagination.

For example, users could “teleport” to a live concert, to another city overseas, or even to a spaceship in outer space. You will be able to meet friends virtually, go out, celebrate parties, play sports and play games.

With the shutdown of its own operating system, Meta loses some control over its VR devices and remains dependent on Alphabet for future breakthrough developments. With an Android fork that does not use various Google services but uses its own apps, you could also come into conflict with Google. The search engine group has often taken down Android forks in the past and accepted penalties for it (most recently from the Korean Competition Commission).

In a soft tech market, the report puts additional pressure on Meta stock. The Facebook mother loses about 1.3%. Investors are undeterred at the moment and stick around for a long time.

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