Wednesday, June 12, 2024

To develop the Metaverse, Facebook’s Meta is hiring employees from its competitors

Top engineers from Facebook recently left the company to join other projects. In a reversal of that situation, Facebook is now poaching employees from its competitors, mainly Microsoft, Apple, and Google. While Facebook’s ethical policies have long been under the scanner, they have managed to not earn the wrath of its competitors. With the move of luring and incentivizing engineers from rival companies to join Facebook, there is bound to be some pushback from every side.

After rebranding itself to Meta, Facebook has aggressively marketed its upcoming Metaverse. However, how much work is completed in the background is still not clear. Meta’s move of hiring employees from Apple, Microsoft, and Google adds to the speculation that the Metaverse is still in its nascent stages. Experts predict that it would need considerable time to launch for the public.

According to reports, Meta is particularly eyeing the Microsoft HoloLens augmented reality (AR). Through this technology, Meta will get a considerable boost to its metaverse plans. While many believe that Facebook’s Metaverse is nothing more than an AR-VR-heavy social media gimmick, others are not dismissive. If speculations are to be believed, the Metaverse will be capable of running entire economics within itself. However, we are still quite far from those possibilities. On the other hand, Meta seems to be gearing up for something big. With the help of top engineers from Apple, Microsoft, and Google, Meta might not be very far from launching its pilot version of the Metaverse.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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