BREAKDOWN: Everything You Need to Know About Facebook’s ‘Meta’ Metaverse Play

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Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 29 October 2021

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Massive validation of Web 3 builders or a dictatorship in the making? This episode is sponsored by NYDIG. Facebook announced yesterday it is changing its corporate name to Meta. The name change reflects the company’s growing focus on virtual reality, augmented reality and a new version of the internet that people are calling the metaverse. In this episode, NLW looks at the reactions to the news, from those who think it represents a huge mainstreaming opportunity for crypto and non-fungible tokens to those who see it as potentially devastating for the future of the internet. - NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: David Paul Morris/Bloomberg/Getty Images, modified by CoinDesk. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:45.6	That's audible.com slash Wondery UK.
0:53.9	Welcome back to The Breakdown with me, NLW.
0:59.0	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
1:06.0	The breakdown is sponsored by Nidig and produced and distributed by CoinDes.
1:12.4	What's going on, guys? It is Friday, October 29th, and you know we are discussing Facebook's
1:18.2	metaverse play today. We've known for a while that Mark Zuckerberg is super interested in the
1:23.5	idea of the metaverse and what comes next on the internet. And last week, we started to hear
1:28.0	rumors that Facebook was in fact going to change its corporate name. Some of the rumors, by the way,
1:33.6	of what they were going to change their name to were stupendously stupid. But here we are a week
1:38.2	later, and it actually happened. The announcement came yesterday at Facebook Connect, and basically
1:44.1	Facebook is doing the Google
1:45.6	Alphabet rebrand thing. The corporate entity will be known now as meta, appropriately,
	...

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