The ” virtual ” real estate market has already exploded in the Metaverse

Meta is the new name of Mark Zuckerberg’s company. That same company born as Facebook but which in fact has seen its shape and services change over the years. The metaverse, that is, that virtual world where everyone (or almost everyone) will most likely move, in a completely ephemeral and virtual way, in the next few years and which today is experiencing its growth boom.

And if we talk about transfers, it is clear that even in the metaverse it is not possible to do without buying a property, even if this can also be virtual. There are already many people and many users who have started to buy, and also at a high price, spaces and digital constructions in the metaverse.

It is a rather strange phenomenon and difficult to frame for those unfamiliar with the metaverse or in any case with the virtual and digital world. In fact, the real estate market in the metaverse also passes through cryptocurrencies and NFTs. Yes, because whatever virtual or digital space you want to buy in the metaverse, you buy it through NFT, that is, through a certificate that allows you to guarantee its authenticity and therefore also its ownership. Payment is made through virtual currencies that have been so fashionable for some years and whoever takes possession of a virtual “ land ” can keep it to resell it later in the future at a higher price or maybe even can already use it to create virtual events or build anything on it.

What might seem strange to the less accustomed to this world is the fact that the purchase of virtual land in the metaverse is already moving thousands of euros or dollars by companies or individuals who spend them to buy small pieces of digital land. Will they make money in the future? Will they lose money? At the moment it is not possible to quantify it because the metaverse has not yet fully started. A phenomenon that Facebook (or Meta to put it better) intends to implement in the coming years making it the new Second Life or even a real-life GTA Online.

Now it’s official: Facebook changes its name to Meta. Zuckerberg: “Now we are a social network, we want to become a metaverse company”

Facebook has officially changed its name, now it will be called Meta. This was announced by Mark Zuckerberg, directly from the virtual stage of Facebook Connect 2021: “We are a company that builds technologies to create connections,” said the CEO. “Together, we can finally put people at the heart of our technology and together, we can unlock an incredibly bigger virtual monetization economy.” In addition to this, Zuckerberg stated that the Meta name “reflects better who we are and what we hope to build”.

There is a lot of similarity to what happened in 2015 with Google, which created the holding Alphabet to manage various companies. Facebook, along with Instagram, Whatsapp and Oculus, will now be managed by Meta.

Facebook’s new name will tie the company together in its efforts to build the metaverse, the parallel universe imagined by Zuckerberg that is based on augmented reality. However, the rebranding that has materialized in these hours for many observers is also due to documents and internal investigations that for weeks have put the company’s top management under pressure and lowered user confidence.

Meanwhile, the @meta Twitter handle has appeared and the meta.com site now redirects to a Facebook welcome page outlining the changes, while the large banner in front of the Facebook headquarters now also bears the Meta logo.

Zuckerberg wrote in a blog post Thursday that the structure of the company will not change, it will change the way it reports financial results. In practice, the Facebook app will join Instagram, WhatsApp and Oculus under a parent company with a new name, modeled on Google’s rebranding with Alphabet in 2015.

Social media (especially facebook) are thinking about new technologies: is the future the metaverse?

Perhaps to try to explain the concept in the simplest of ways, the best way is to somehow take up the explanation of whoever coined this new term, which in fact transforms the future into the present. The concept of the metaverse was introduced by Neal Stephenson, an acclaimed author of science fiction books. Speaking of this metaverse, a virtual universe in fact, the author means a real world of virtual reality. A virtual reality shared with other network users. Let’s talk about a transformation of the internet. If we now navigate in front of the screen, with the metaverse we enter the screen in virtual reality. And here it will be possible to meet our friends, take a trip using the resources of the network without ever leaving the desk, attend a virtual concert. Physically remaining seated in front of the PC but with our avatr able to move in the virtual world and interact with it. The key to the metaverse are glasses for augmented reality and objects of this type.

Last week, a rumor leaked that Facebook will change its name shortly to clean up its political image and to diversify services beyond social networks. Pending the conference in which the new name of the IT giant will be presented, information is emerging on what its interests will be in the future.

Mark Zuckerberg said he has repositioned some of the company’s teams to “make services for the young-adult audience our guiding star”. The comment from the CEO of Menlo Park came during a conference with the company’s shareholders, and should respond to the lack of interest of young people in Facebook and the decline in the time they spend on the social network. According to Zuckerberg, in fact, “Many of our services have been designed to be the best for all users who use them, and not just for teenagers and young people”.

The choice to shift the focus of Facebook from the general public to that of young people is due to very precise calculations: the company predicts that the growth of users among older people and among the elderly will be very slow in the coming years, but also which would become much faster if, instead of focusing on all age groups, social media preferred only younger users.

Facebook will change the name of its company

According to the well-known tech site The Verge, Facebook may announce next week that it will change the name of its parent company. The change should only concern the company nomenclature, not the products. Currently, both the famous social network and the company that controls it, and which also controls Instagram, WhatsApp and other services, are called “Facebook”: it would be the latter to change its name, while the social network will continue to be called Facebook.

The next name change, which Mark Zuckerberg could unveil during “Connect”, the annual conference scheduled for October 28th, seems to have a very specific and ambitious purpose. It’s time for Facebook to be known for more than social media (and all the evils that that entails). There is no doubt that with the rebrand, the blue Facebook app would become one of the company’s products such as WhatsApp, Instagram, Oculus and others. And Zuckerberg would thus try to free the entire company from the social network which in the last period is a very random mix of joys and sorrows.

WhatsApp, Facebook and Instagram restart after 7 hours. How much the longest “down” in history cost

The repercussions have not only been on the nerves but also economically and politically around the world. Companies accustomed, from India to Brazil, to receiving orders and making deliveries by communicating through Facebook have suddenly stopped. Bloomberg estimates that the global economic loss was $ 160 million for every hour of digital disruption.

It took nearly seven hours to partially and slowly get back online. Not exactly a day to frame, Monday 4 October, for Mark Zuckerberg’s galaxy. First the words of Frances Haugen, the former manager who delivered internal research to lawmakers and the Wall Street Journal on how the social network manages content and risks for users. Then the downtime of all the sites and services that also involved the same Menlo Park employees with phones and badges out of order. Around midnight, a tweet from the group Zuck founded apologized for the “inconveniences.”

Even Zuckerberg himself, through his Facebook profile, apologized: «Facebook, Instagram, WhatsApp and Messenger are coming back online now. I’m sorry for today’s interruption – I know how much you rely on our services to stay in touch with the people you care about, “wrote the founder of the social network par excellence. Shortly before midnight the first signs of recovery for Facebook and Instagram, while for Whatsapp only for a few seconds. As a Facebook spokesperson quoted by the New York Times reported, the services are coming back online, but he warned that it will take some time for them to stabilize. The fact remains that, as the downdetector that monitors digital disruptions reports, this is the largest breakdown ever recorded by the site.

Since shortly after 5.30 pm WhatsApp, Facebook and Instagram have not worked, or have worked in fits and starts, in various parts of the world, including Italy. And the hashtags #WhatsAppDown, #FacebookDown and #InstagramDown began to climb the twitter rankings, quickly reaching the top. Within a few minutes, the joke and irony competition also started, where Jack Dorsey also intervened.

It would be an incorrect configuration of the Facebook servers, therefore an internal error, the cause of the total downtime of the social network and of the WhatsApp and Instagram apps. This was reported by the New York Times which collected the explanation of John Graham-Cumming, chief technology officer of Cloudflare, a web infrastructure company. The premise is that computers convert websites such as Facebook.com into numerical addresses (IP), through a system that the expert compares to the address book of a telephone.

Hard blow for Facebook: the former IT engineer of the social network speaks (confesses)

Facebook “understands that if they change the algorithm to be safer, people will spend less time on the site, click fewer ads and earn less” – Facebook has put “profits above safety” of the public. The words of mole Frances Haugen, the former employee who plunged Zuckerberg’s company into its deepest crisis since Cambridge Analytics, are potentially devastating. In an interview with ’60 Minutes’ on CBS, she tells that she too presented complaints to the Sec, the American Consob, in which she accuses the social network of having hidden her research and her studies from investors and the public. The 37-year-old, brave and very knowledgeable. she is also the key source for the Wall Street Journal’s Facebook Files project. She has worked for several social networks, but on Facebook she found the situation “worst”.
Who is Frances Haugen the mole

But what did Haugen say about so explosive?

“I have repeatedly seen conflicts of interest between what was good for the public and what was good for Facebook. And each time Facebook chose what was best for its own profits,” explains Frances Haugen, who explains why she decided to become a ‘mole’ and denounce the company. Haugen is the one who provided the Wall Street Journal in recent months with internal documents that showed a hitherto unknown insight into Facebook.

“There was a security plan” and controls on hate messages and disinformation that appeared on Facebook, but “after the 2020 presidential election something has changed,” revealed Haugen, a Harvard graduate, hired in 2019 as a data engineer. The algorithms would change and the system would become “less secure”. From that moment – again according to Haugen’s version – the social platform allegedly loosened the censorship of hate messages and the contents that misinformed about the electoral result, eventually favoring the dissemination of messages on alleged fraud.

Haugen came out, showing her face and drawing a disturbing picture. Today he will be in Congress for a deposition. “They thought that if they changed the algorithms to make the system more secure, people would spend less time on social media, they would click ads less,” and Facebook “would make less money,” he said. said the former employee. “They always preferred her – she added her – profit over security.”

Haugen said she decided to wage this battle because she lost a loved one to conspiracy theories circulating on social media. She was very clear in her former employer’s assessment of her. “There were conflicts of interest between what was good for the audience and what was good for Facebook,” she said. “Facebook has chosen over and over to optimize for their own interests, how to make more money.”
The impact of Instagram on teenagers

On Instagram, the engineer argued that it has a dramatic impact on the lives of teenagers: “A research carried out by Facebook – he said – says that the young women who follow content related to eating disorder, the more they follow these issues, the more they become depressed. . And this leads to using Instagram more. “

In a written note, Facebook defended itself by arguing that the company “continues to make significant improvements to counter the spread of misinformation and content that can harm people. Claiming that we encourage bad content and do nothing to stop it is not true.”

4october ’21: WhatsApp, Facebook e Instagram down

WhatsApp, Facebook and Instagram down Today 4 October 2021 all the major social platforms of WhatsApp, Facebook and Instagram seem to have serious problems in completing all the classic online uploading operations of the fundamental elements such as images or videos. There are tens of thousands of reports that are arriving. The problems seem to affect all three of Mark Zuckerberg’s platforms from the inability to send or receive multimedia messages on WhatsApp, to the inability to upload images or stories to Instagram. Obviously, on Twitter, the tide of messages from those wondering why this is happening immediately started, and many ironize about the malfunction just as usually happens in these cases since those who always use WhatsApp, Facebook and Instagram, open Twitter only if the first two don’t work. From the two social networks for the moment no news, no comments or explanations on what is happening

WhatsApp, encrypted backups are coming: here’s how they work

WhatsApp is ready to release an important update that will allow users to encrypt chat backups: anticipated a few months ago, the news will be made available over the next few weeks to iOS and Android users. The solution, which is described in a whitepaper released by Facebook, aims to protect message backups that are stored in the cloud, be it Google Drive or iCloud, from prying and malicious eyes.

Mark Zuckerberg, CEO of Facebook, said: “WhatsApp is the first global messaging service on this scale to offer end-to-end encrypted messages and backups and getting there was a really tough technical challenge that required an entirely new framework for key archiving and cloud archiving between operating systems “.

When the user chooses to encrypt their backups, they will need to save a 64-digit encryption key or create a password linked to the key. When the password is created, WhatsApp stores the associated key in a physical hardware security module (HSM), which is managed by Facebook and unlocked only when the correct password is entered on WhatsApp. At this point, the correctly unlocked HSM provides the encryption key that decrypts the backup stored on Google or Apple’s servers.

The HSM is located in Facebook’s datacenters around the world to ensure continuity of service. If repeated, incorrect, password entry attempts occur, the HSM will become permanently inaccessible. Likewise, if you opt to manually save the 64-digit encryption key and lose it, the backup will no longer be accessible. However, it is still possible to reset the password if you have forgotten it. The basic idea is that it is guaranteed that only the account owner and no one else can access a backup.

The ability to use encrypted backup will only be for the user’s primary device, despite recent multi-device support.

Libra: the new Cryptocurrency created by Facebook. BCE criticism

facebook-libra

According to the last statements of last month, for the next year the new cryptocurrency created by facebook could come out and could create a real revolution because it could allow developing economies, which lack banking systems, to fully exploit the currency of facebook for purchases of basic necessites.

. Cryptocurrency should be supported by Calibra but will also contribute to many other companies that will form a real association.

In recent days, however, the criticism has arrived from some members of the ECB (the European central bank) stating that the cryptocurrency of facebook are a bunch of absurdities and the financial maneuvers are without regulations.

Even the US state has taken the initiative, asking facebook and other partner companies to suspend the development of the stablecoin.

 

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