# Facebook Announce META, Read my thought on this. 

By [bidur.eth](https://paragraph.com/@bidur) · 2021-10-28

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See the Livestream of Facebook Connect 2021, where they announced the rebranding of their company in to META with their focus in connecting the world in VR and in Metaverse.

[![]({{DOMAIN}}/editor/youtube/play.png)](https://www.youtube.com/watch?v=VKPNJ8sOU_M)

Facebook will be spending Billions of Dollar in coming decades to build and support the metaverse economy.

See the full coverage here:

[https://www.nbcnews.com/tech/tech-news/facebook-goes-meta-zuckerberg-announces-major-restructuring-rcna3605](https://www.nbcnews.com/tech/tech-news/facebook-goes-meta-zuckerberg-announces-major-restructuring-rcna3605)

[https://www.theverge.com/2021/10/28/22745234/facebook-new-name-meta-metaverse-zuckerberg-rebrand](https://www.theverge.com/2021/10/28/22745234/facebook-new-name-meta-metaverse-zuckerberg-rebrand)

Why is this a Big Deal ?

As DEFI, crypto and gaming industry and projects has already pushed to concept of metamask in the mainstream, facebook rebranding itself as a Metaverse first company(before it was facebook first company) is a huge bet in the future of metamask.

They will create education material to train new Artists, programmer and gamers to monetize it in the space. I will not be surprised if they use one of the EVM compatible L1/L2 solutions in the future to power their economy inside the metaverse.

[https://twitter.com/justcryptodefi/status/1453826306722787333?s=20](https://twitter.com/justcryptodefi/status/1453826306722787333?s=20)

See my thought in above tweet thread too.

Potential partners for facebook to power could be Immutable.com which offers 0 gas fees. #polygon, and #celoOrg are also my guess for the partnership. Coinbase and A16z are two companies who have invested in Celo, so i am really bullish that some day, some big partnership will be announced with big companies as coinbase is already healping and powering facebook NOVI app.

[https://www.forbes.com/sites/danielwebber/2021/10/28/facebooks-novi-poses-fresh-challenges-for-remittances/](https://www.forbes.com/sites/danielwebber/2021/10/28/facebooks-novi-poses-fresh-challenges-for-remittances/)

Arbitrum, Optimism, gas fees are not affordable for the people to do this in scale as facebook wants to reach 1 billion users and more in 5 to 10 years.

Silicon Valley is a small circle of people, so we will see so much happing between the companies in the future.

If you want to donate, my ENS is bidur.eth ..

Have a nice day.

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*Originally published on [bidur.eth](https://paragraph.com/@bidur/facebook-announce-meta-read-my-thought-on-this)*