{"id":4551,"date":"2022-01-29T16:38:00","date_gmt":"2022-01-29T15:38:00","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/01\/29\/the-metaverse-is-dystopian-but-to-big-tech-its-a-business-opportunity\/"},"modified":"2022-01-29T16:38:00","modified_gmt":"2022-01-29T15:38:00","slug":"the-metaverse-is-dystopian-but-to-big-tech-its-a-business-opportunity","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/01\/29\/the-metaverse-is-dystopian-but-to-big-tech-its-a-business-opportunity\/","title":{"rendered":"The metaverse is dystopian \u2013 but to big tech it\u2019s a business opportunity"},"content":{"rendered":"

Facebook\u2019s plans to build a $10bn virtual reality world were ridiculed yet the rest of Silicon Valley has serious Fomo and is piling in<\/p>\n

Once upon a time, a very long time ago \u2013 until Thursday 28 October 2021, to be precise \u2013 the term \u201cmetaverse\u201d was known only to lexicographers and science fiction enthusiasts. And then, suddenly, it was everywhere. How come? Simply this: Mark Zuckerberg<\/a>, the supreme leader of Facebook, pissed off by seeing nothing but bad news about his company in the media, announced<\/a> that he was changing its name to Meta and would henceforth be devoting all his efforts \u2013 plus $10bn (\u00a37bn) and thousands of engineers \u2013 to building a parallel universe called the metaverse<\/a>. <\/p>\n

And then, because the tech industry and the media that chronicle its doings are basically herds of mimetic sheep, the metaverse was suddenly the newest new thing. This was news to Neal Stephenson, the writer who actually invented the term in his 1992 novel, Snow Crash<\/a><\/em>. \u201cSince there seems to be growing confusion on this,\u201d he tweeted<\/a>, \u201cI have nothing to do with anything that FB is up to involving the metaverse, other than the obvious fact that they\u2019re using a term I coined in Snow Crash. There has been zero communication between me and FB & no biz relationship.\u201d<\/p>\n

Continue reading…<\/a>
\nFacebook\u2019s plans to build a $10bn virtual reality world were ridiculed yet the rest of Silicon Valley has serious Fomo and is piling in
\nOnce upon a time, a very long time ago \u2013 until Thursday 28 October 2021, to be precise \u2013 the term \u201cmetaverse\u201d was known only to lexicographers and science fiction enthusiasts. And then, suddenly, it was everywhere. How come? Simply this: Mark Zuckerberg, the supreme leader of Facebook, pissed off by seeing nothing but bad news about his company in the media, announced that he was changing its name to Meta and would henceforth be devoting all his efforts \u2013 plus $10bn (\u00a37bn) and thousands of engineers \u2013 to building a parallel universe called the metaverse.
\nAnd then, because the tech industry and the media that chronicle its doings are basically herds of mimetic sheep, the metaverse was suddenly the newest new thing. This was news to Neal Stephenson, the writer who actually invented the term in his 1992 novel, Snow Crash. \u201cSince there seems to be growing confusion on this,\u201d he tweeted, \u201cI have nothing to do with anything that FB is up to involving the metaverse, other than the obvious fact that they\u2019re using a term I coined in Snow Crash. There has been zero communication between me and FB & no biz relationship.\u201d Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Facebook\u2019s plans to build a $10bn virtual reality world were ridiculed yet the rest of Silicon Valley has serious Fomo and is piling in Once upon a time, a very long time ago \u2013 until Thursday 28 October 2021, to be precise \u2013 the term \u201cmetaverse\u201d was known only to lexicographers and science fiction enthusiasts. …<\/p>\n

The metaverse is dystopian \u2013 but to big tech it\u2019s a business opportunity<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":4552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/4551"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=4551"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/4551\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/4552"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=4551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=4551"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=4551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}