Meta: Will continue to develop the metaverse, the future of computing will take place in the virtual world

ChainCatcher news, according to Bloomberg, Meta's Vice President of Global Affairs Nick Clegg reiterated that the company will continue to develop the metaverse, where the future of computing will take place in this still poorly defined virtual world. He promised that the clunky experiences of today's metaverse applications will eventually be replaced by a more user-friendly experience. Clegg stated, "We will continue to develop this technology because early evidence suggests that such technology will be at the core of future computing platforms. But this will take time."

Additionally, Clegg mentioned that Meta can primarily monetize its investments in the metaverse in two ways: advertising and e-commerce. He also emphasized that the company is committed to involving researchers, civil organizations, and other companies in the development of the metaverse.

Meta, Disney, and Microsoft have recently scaled back their metaverse-related businesses. (Bloomberg)