Facebook spends $50 million to ‘responsibly’ build the metaverse
Facebook has announced a $50 million fund to be more responsible during the development of the metaverse. According to the company, the fund is officially called XR Programs and Research Fund and will be invested in "programs and external research" over the course of two years.
Facebook said it will develop the metaverse "responsibly"
Facebook had previously announced that it would take the lead in developing the metaverse. But it seems the company is also aware of criticism of its track record on user privacy and cultivating misinformation. Facebook said today that it would develop Metaverse products "responsibly". Facebook VP Nick Clegg also commented on the program. He called it "a start" to exploring the metaverse and said he hopes it will help find answers as regulators begin asking questions about the new technology.Facebook's initial partners in the $50 million initiative include the Organization of American States, Women in Immersive Tech, and African organizations Electric South, Africa No Filter, and Imisi3D. The company will also consult with researchers from Seoul National University, The University of Hong Kong, and the National University of Singapore on these efforts.
What is the metaverse?
The metaverse refers to shared online spaces where users are represented by 3D avatars and live and interact together. A good example of the idea of a metaverse is the movie Ready Player One, and some experimental metaverse worlds already exist on Ethereum, such as Decentraland and CryptoVoxels. In the future, users should be able to seamlessly travel between virtual spaces with the same virtual assets, such as avatars and digital items. If the metaverse becomes the successor to the Internet, who builds it and how is extremely important to the future of our society.For this reason, many people are skeptical of Facebook considering building the metaverse. For example, NFT collector Punk6529 has tweeted that he's concerned that users will need a Facebook account to participate in this metaverse. Facebook has already signaled that it does not intend to single-handedly create or oversee the potential metaverse. And states that this will likely be just the beginning of a long-term process.
Continue reading by joining Cryptonary Pro
$497/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
3X Value Guarantee
If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the 3X Value Guarantee work?
We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.
Recommended from Cryptonary
