Firefox developer Mozilla is going all-in on the metaverse and buying Active Replica

In a November 30 blog post, the company announced the acquisition of Active Replica, an immersive experience developer. 

 Active Replica joins the Mozilla Hubs creation platform to help create virtual events. The virtual experience developer already worked with Mozilla earlier this year during the multi-day arts and technology festival Mozfest. 

 According to Mozilla, the acquisition is also  important for boosting demand, customized subscription levels, internal improvements and adding new features to hub engines.  In an official announcement posted on 
 Hubs, Mozilla said that both companies will benefit from each other, either through their scale or through the other's development capabilities. 

 "Together, we see this as a key opportunity to bring even more innovation and creativity to the center than we could alone. 

  Active Replica reiterated in its official statement  that it will continue to work with existing partners, but the acquisition of Mozilla  will help expand  their long-term goals.

 The next day, the company made another announcement that it had also bought machine learning developer Pulse, signaling Mozilla's shift to focus on the future of the Internet.

The development of Mozilla's metaverse plans comes as Metaverse continues to gain attention in the Web3 space and beyond. 
 After major financial and personnel losses at its metaverse development, Meta, the parent company of Facebook and Instagram, says it is "moving forward" with its metaverse plans.
 As action takes over digital reality, global leaders like the World Economic Forum are beginning to think about a universal metaversal policy. Currently, there is no overarching policy that dictates digital reality. 

 However, new reports show that as activity increases, so does the potential for exploitation, indicating that attention must be paid to policy and ethical standards.

🌐  source

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