Why Facebook Is a Must-Own Metaverse Stock in 2022

2022 is shaping up to be the year of the metaverse.

Google searches for the term have skyrocketed in the last three months after Mark Zuckerberg, the CEO of Facebook parent Meta Platforms (NASDAQ: FB), said it was rebranding to signal its belief that the future of the company -- and technology -- is in the metaverse. The term refers to a virtual reality internet where you interact as a three-dimensional figure, rather than with a simple screen.

Zuckerberg isn't the only one betting on the metaverse, either. Interest in virtual worlds like Decentraland is surging: Its user base has grown by 10 times over the last three months to 300,000 monthly active users. While the metaverse is not a new idea, the technology for it finally appears to be in place, as does the interest and the utility for it, evidenced by the booming market for non-fungible tokens (NFTs) and the transition to a remote-first economy during the pandemic.

Source Fool.com