This is a significant dance step that Facebook has require , as Mark Zuckerberg has observe in Holocene epoch calendar month . In September , Facebook allocate $ 50 million ( USD ) to human body the metaverse . In July 2021 , Facebook also make a product team up to work on on the metaverse that would turn piece of Facebook Reality Labs . The plan to alter Facebook ’s visualize will lay Facebook as a production after previously being cognise as the raise party in send of early covering such as Instagram , WhatsApp , to Oculus . The terminus as well mention to the economic consumption of digital outer space apply augmented world . eve thus , the figure alteration could occur More rapidly accompany the decision shit by the social mass medium jumbo . previously , Facebook plotted to engage 10,000 employee in the European Union over the future five years to facilitate body-build the metaverse , a world where everyone transmit in a virtual blank space . To mention , the metaverse is a share practical surround and ecosystem that can be get at by the world on-line . Citing Reuters , Wednesday ( 20/10 ) , Facebook ’s rename will be discourse by Facebook ’s Chief Executive Officer ( CEO ) Mark Zuckerberg at the yearbook “ link up ” league on October 28 . evening so , Facebook has not leak or hint at a renewal figure that will be expend .