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Basically, he is saying he wants to build a literal Matrix. The term "metaverse" comes from the science-fiction novel "Snow Crash" by Neal Stephenson (which I have not read). In the novel, as beset I understand it, the metaverse is a form of escapist virtual reality used during a future corporate-run dystopia.

This is the name Zuckerberg chose. He either thinks he no longer has to hide his intentions or he is clueless. Neither of which is good.

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