In his blog post on Wednesday (May 18th), Craig compared the transition to the Metaverse to how our browsing settings moved from desktop computers to smartphones.
Metaverse is expected to be a collection of interconnected online worlds accessible via virtual reality and augmented reality headsets and apps.
“Skepticism is a natural reaction to something that sounds like it came directly from a science fiction novel. In a sense, it’s a broader society, especially about how technology works in a two-dimensional world. Yes, if you have any concerns, “Craig wrote.
“Like today’s Internet, the Metaverse will be a collection of technologies, platforms and products,” Craig wrote. “It is not built, operated or controlled by a single company or institution. It requires companies of all sizes, civil society, the public sector, and millions of individual creators.”
Related: Facebook Pay is rebranded to MetaPay
Last week, MetaPlatforms announced that it would “soon” rename Facebook Pay (a payment system available on Facebook, Messenger, Instagram, and WhatsApp) to MetaPay, according to a blog post on May 11.
In August, Facebook Messenger added the option to send cash birthday gifts directly via the platform using Facebook Pay. Facebook Pay is in its own ecosystem, Venmo, PayPal, Cash App, Google Pay, Apple Pay.