Facebook to partner with Peres Center in the metaverse

Meta, Facebook’s new parent company, announced a new local collaboration with the Peres Center for Peace and Innovation to promote innovation and identify promising opportunities with significant potential in society and the economy.

As part of the collaboration, a variety of projects will be built in Israel, including a program for startups and developers in the fields of virtual reality and augmented reality (AR / VR), the establishment of a developer community, investment in research and more. . .

The partnership is one of a series of collaborations the company is forming on four continents with more than 10 partners to advance its vision of the metaverse, helping people connect, build communities and grow businesses.

Last week, Facebook CEO Mark Zuckerberg announced that the social media giant would change its name to Meta as the company’s vision expands beyond communications to a new world of virtual reality.

“The ‘Metaverse’ is a set of virtual spaces where you can create and explore with other people who are not in the same physical space as you, Facebook said in the ad.” The metaverse is not a single product that a company can build on its own. Like the Internet, the metaverse exists whether Facebook is there or not. And it won’t be built overnight. Many of these products will only be fully realized in the next 10 to 15 years. While that’s frustrating for those of us who are eager to dive in, it gives us time to ask the tough questions about how they should be built. “

Along with the name change, the company also said it would invest $ 50 million in global research and collaborations to ensure the next phase of the technology is responsibly developed and calculated.

Small toy figures are seen in front of Facebook’s new rebranding logo, Meta, in this illustration taken on October 28, 2021 (credit: REUTERS / DADO RUVIC / ILUSTRATION)

“The Peres Center for Peace and Innovation is the beating heart of the Israeli ecosystem and prides itself on being a platform that creates value for companies and entrepreneurs,” said Efrat Duvdevani, executive director of the Peres Center. “We are excited to lead together with Meta the construction of the new digital world with the help of research and the creation of a virtual and augmented reality community, in order to build a better tomorrow for all of us.”


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