“We’re building for the Metaverse,” says Meta VP Nick Clegg


Nick Clegg, Vice President for Global Affairs and Communications at Meta Platforms, spoke at the Web Summit 2021 in Lisbon during a panel on Facebook and innovation in Europe.

The world’s largest tech conference has returned to a physical environment after a two-year virtual hiatus caused by COVID-19. The event showcases an illustrious list of entrepreneurs, organizations and influencers who are on the cutting edge in their respective fields and, according to recent data from the Web Summit’s communications team, has attracted 42,751 participants from 128 countries, 50.5% of whom are women are, the highest female participation in the ten-year history of the event.

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In an interview with Matthew Garrahan, the Financial Times news editor, Clegg spoke with a sense of joviality and expressiveness and shared a number of remarkable insights into the development and intended execution of Facebook’s new meta-project.

Clegg shared his personal belief that “we” [Meta] were as open as possible and that we don’t try to build the metaverse on our own. We are building for the metaverse “before we continue:

“The Metaverse I think a lot of people will be relieved to know that it won’t be wholly owned by Mark Zuckerberg and Meta, it will be managed and orchestrated.”

Similarly, Sorare’s CEO shares a bold vision on NFTs during the opening night of the 2021 Web Summit

The former British politician, who was Liberal Democratic Party leader from 2007 to 2015 and Deputy Prime Minister of the United Kingdom in a coalition government with David Cameron from 2010 to 2015, is most often viewed as an Orange Book Liberal whose political leanings coincide with choice and freedoms in the private life of individuals and in the marketplace.

He made a comment emphasizing the importance of promoting cooperation in tracking technological development:

“It was important for us to be out there as early as possible and to say the different kinds of technological eruptions that occurred very suddenly and then, if you will, society, regulation and law later breathlessly try to catch up – which maybe part of that is the debate we are having about the problems that Frances Haugen brought to light – that we can do it the other way around this time. “

Facebook’s corporate swing in the Metaverse market at the Facebook Connect conference on Thursday places them under the blockchain platforms Axie Infinity, Decentraland and The Sandbox in building the architecture of virtual worlds in which people can work, socialize and coexist, with the integration of non-fungible tokens (NFTs) and other facets of the cryptosphere.