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There are two components to a metaverse. One of them involves using NFTs and cryptocurrencies to create a blockchain-based metaverse. Decentraland and The. After failing to crack crypto and metaverse, Mark Zuckerberg has now turned to artificial intelligence in his quest to define Meta's future. The focus on the metaverse hasn't been profitable for the social media giant as it continues to lose billions of dollars due to the initiative.

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And to do that, it has heavily invested in VR with its Oculus headsets. The hardware is still clunky and expensive, and there is little by way of content to draw users in - the same problems that existed in VR before Zukerberg sauntered in with his billions. Will Facebook leadership click with this framework? A good illustration is a facial recognition.