FILE PHOTO: The logo of Facebook is seen in Davos, Switzerland Januar 20, 2020. Picture taken January 20, 2020. REUTERS/Arnd Wiegmann
Facebook Inc plans to
in the European Union over the next five years, the social media giant said on Monday, to help build the so-called metaverse – a nascent online world where people exist and communicate in shared virtual spaces.
This would be a significant step the company is taking towards the concept, something top boss Mark Zuckerberg has touted in recent months.
In September, Facebook committed $50 million towards building the metaverse, where companies like Roblox Corp and “Fortnite” maker Epic Games have an early foothold.
The company earlier launched a test of a new virtual-reality remote work app where users of the company’s Oculus Quest 2 headsets can hold meetings as avatar versions of themselves.
Facebook also said in July it was creating a product team to work on the metaverse which would be part of Facebook Reality Labs, its augmented reality and virtual reality group.
“This investment (in new jobs) is a vote of confidence in the strength of the European tech industry and the potential of European tech talent,” the company said.
“Europe is hugely important to Facebook.”
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