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Metaverse: Facebook Rebrands To Highlight Virtual Reality Shift

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Facebook

Facebook has officially announced its rebrand to Meta.

The Chief Executive Officer of Facebook, Mark Zuckerberg, on Thursday announced the social media giant will change the name of its holding company to Meta, in a rebrand that as it battles criticisms from lawmakers and regulators.

Crystal News learnt that the Mark Zuckerberg made the announcement at the Facebook’s annual conference Thursday, where he outlined his vision for the metaverse – a digital world built over our own, comprising virtual reality headsets and augmented reality. “We believe the metaverse will be the successor of the mobile internet,” Zuckerberg said.

According to the announcement, the new holding company Meta will encompass Facebook, its largest subsidiary, as well as apps such as Instagram, WhatsApp and the virtual reality brand Oculus.

Crystal News understands that Facebook has invested $10bn in its metaverse project in 2021 – double what it spends on safety and security on the platform. In recent earnings reports, the company announced its virtual reality segment had grown so substantially it would now report its revenue separately, dividing its products into two categories.

Those categories include a “family of apps” including Facebook, Instagram, Messenger and WhatsApp, and the “reality labs” products including AR and VR as well as any related hardware.

In a presentation from his home, Zuckerberg outlined his vision of the metaverse as a digital world in which users will feel they are with one another and have a “sense of presence” despite being far apart. The platform would allow users to customize their avatars and digital spaces, decorating a digital office with pictures, videos and even books.

Metaverse: Facebook Rebrands To Highlight Virtual Reality Shift

“When I send my parents a video with my kids, they’re going to feel like they’re right in the moment with us not peering through a little window,” he said.

Crystal News reports that the presentation imagined users inviting friends over virtually, two people attending a concert together despite being across the world from one another, and colleagues making work presentations remotely.

“We believe the metaverse will be the successor to the mobile internet. We’ll be able to feel present – like we’re right there with people no matter how far apart we actually are,” he said. “We’ll be able to express ourselves in new joyful, completely immersive ways.

“The best way to understand the metaverse is to experience it yourself,” Zuckerberg added, though adding “it doesn’t fully exist yet”.

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Politics

2023: I Will Not Impose My Successor On Rivers — Wike

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Governor Nyesom Wike of Rivers on Thursday said he would not impose any governorship aspirant of his choice on the people of Rivers come 2023.

Wike gave the assurance in a statement issued by Mr. Kelvin Ebiri, his Special Assistant on Media, in Port Harcourt.

He assured that the leadership of the party would meet to decide who to support at the appropriate time.

Wike however said that he is obliged to ensure that Peoples Democratic Party (PDP) wins the 2023 governorship election in Rivers.

“One mistake I will not make is to impose somebody. From my experience as a student of history, reality has shown that it is difficult for you to say Joseph is the man I can trust.

”Until you give somebody power and money, that is only when you will know whether that person is trustworthy or not,” he said.

Wike stated that God would not allow someone who will destroy all the remarkable progress the state had made over the years to be the next governor.

”God will ensure that it is only someone who is courageous, firm and ready to protect the interest of Rivers that will succeed me.

“Rivers is a state that so many people have an interest in. It is a state that you have to put your feet on the ground. It is a state that you have to annoy a lot of Nigerians and a lot of Nigerians will hate you.

“But what is important is for you to know is what is good for your people and stand for your people. Do not allow personal interest to sway you against the interest of your people,” Wike stated.

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Entertainment

VIDEO: Moment Obi Cubana Met Wizkid Backstage At London Show

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Wizkid

Obinna Iyiegbu popularly known as Obi Cubana, a Nigerian entrepreneur, and businessman who chairs the Obi Cubana group of companies showed up at the O2 Arena in London venue of the talked about, a sold-out concert by Ayodeji Ibrahim Balogun, known as Wizkid.

Cubana like many other notable Nigerians was in attendance to support one of Nigeria’s most successful artists who kicked off the beginning of his O2 arena concert as he treated his 20,000 fans with premium entertainment for three nights in a roll.

On the first night, he had on stage with him other artistes like American Superstar Chris Brown. He also brought hitmaker Tems, Buju with the Golden Voice, British Singer Ella Mai, and British rapper Skepta who all featured in his ‘Made In Lagos’ album, as he performed songs from there.

The Popular socialite and businessman, who had shared a video of himself and Wizkid after his third night show at the O2 Arena, London wrote on his page, “Proud of you #wizkidayo“

Watch Video Below;

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Former Senate President Joseph Wayas Is Dead

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Joseph Wayas

Former Senate President in the Second Republic, Joseph Wayas is dead.

The death of Joseph Wayas, was announced by Governor Ben Ayade’s spokesman, Christian Ita on Thursday.

According to the governor, Joseph Wayas gave up the ghost in the early hours of Tuesday in a London hospital.

Ayade said the late politician has left a lasting legacy that will be remembered for a long time, describing the death of the 80-year-old as a monumental loss to the state and Nigeria.

He, however, condoled with the family of Wayas and said his death is a “collective loss and the pains a shared one”.

The statement reads: “As a state, Cross River is in pains as we mourn the passing of our illustrious son. He was a rare gem. Dr Wayas’ demise is indeed a monumental loss to our dear state and Nigeria,” Ayade was quoted as saying.

“As Senate President, Dr Wayas contributed to the deepening of Nigeria’s democratic ethos through his robust and vibrant leadership of the upper legislative chamber.

“And since his retirement from active politics, the former Senate President had been playing a fatherly and stabilising role in the politics and affairs of our state.”

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