Facebook announces $50M investment fund tasked with developing its virtual metaverse By Cointelegraph
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Facebook announces $50M investment fund tasked with developing its virtual metaverseFacebook (NASDAQ:) has announced it will allocate $50 million to a two-year fund tasked with beginning work on realizing the firm’s vision for a virtual metaverse.
A Sept. 27 announcement articulates Facebook’s roadmap for building its metaverse, with the funding slated to back “global research and program partners” looking to build out the platform in addition to internal research.
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