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Trackinsight: Facebook focuses on Europe for its Metaverse expansion

10/19/2021 | 10:15am EST

The company said it would take place over five years and described the European push as "an exciting time" for Europe's tech industry.

In a recruitment drive on Sunday, Social Media Giant Facebook (FB) announced its plans of hiring of up to 10,000 people in Europe to build a “Metaverse” that will combine virtual and augmented reality technologies for a fully immersed digital experience.

The company said it would take place over five years and described the European push as “an exciting time” for Europe’s tech industry, saying it boasts “a large consumer market, first class universities and, crucially, top-quality talent.”

Dubbed as the internet killer, the metaverse industry is becoming increasingly competitive. Investors can gain early exposure to the main metaverse players through Roundhill Ball Metaverse ETF (META). The fund tracks the Ball Metaverse Index and invests in global public companies who are actively involved in the Metaverse, including companies developing the infrastructure, providing gaming engines and revolutionizing digital commerce, content, and social experience.  Learn more about investing the Metaverse here.

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© www.trackinsight.com 2021
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