Facebook, Roblox Consider Metaverse as the key to the next phase of the Internet

A new struggle between the technology industry is unfolding for the “meta universe” as companies such as Facebook Inc. and Roblox Corp. are working to create a virtual realm that most consumers are unaware of.

The concept of the metaverse, rooted in science fiction novels such as Snowfall and Ready Player One, encompasses a large online world that extends beyond individual technology platforms, where people live in exciting, shared virtual spaces. Thanks to avatars, people will be able to try on things that are in stores, or attend concerts with friends, as well as offline.

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