Meta launched a $50 million fund last year to accelerate its research on metaverse. AP
Meta launched a $50 million fund last year to accelerate its research on metaverse. AP
Meta launched a $50 million fund last year to accelerate its research on metaverse. AP
Meta launched a $50 million fund last year to accelerate its research on metaverse. AP

Meta cancels annual developer conference to focus on metaverse


Alkesh Sharma
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Facebook parent company Meta cancelled its annual developer conference (F8) for this year as the company pivots its focus on the metaverse.

This is the third consecutive year when the California-based company has made changes to its annual event. It was cancelled in 2020 and moved to a digital-only format last year due to the Covid-19 pandemic.

The metaverse is a digital space that allows users to communicate and move virtually in their three-dimensional avatars or digital representations.

“We gear up on new initiatives that are all tailored towards the next chapter of the internet … the next chapter of our company too — building the metaverse,” Diego Moreira, director for developer and start-ups programmes at Facebook, said in a blog post.

Meta chief executive Mark Zuckerberg fencing in the metaverse during a live-streamed virtual and augmented reality conference. Reuters
Meta chief executive Mark Zuckerberg fencing in the metaverse during a live-streamed virtual and augmented reality conference. Reuters

Meta's developer conference is a chance for international developers to interact with the company's engineers and learn about new products and technology.

To accelerate its research on the metaverse, Meta launched a $50 million fund last September.

Hailed as a successor to the internet, the metaverse is a set of immersive spaces shared by users, in which they can interact, innovate and engage with other people who are not in the same physical space.

In January, Meta also unveiled a new supercomputer capable of building foundational technology to boost research in the field of metaverse.

“Similar to the early stages of the web, building the metaverse will be a collaborative effort at every stage — with other companies, creators and developers,” Mr Moreira said.

Meta previously said it might take 10 to 15 years to fully realise the metaverse products and that its success depends on building robust interoperability across services to ensure different companies’ experiences can work together.

Who has lived at The Bishops Avenue?
  • George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
  • Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
  • Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
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About Proto21

Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
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Dr Afridi's warning signs of digital addiction

Spending an excessive amount of time on the phone.

Neglecting personal, social, or academic responsibilities.

Losing interest in other activities or hobbies that were once enjoyed.

Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.

Experiencing sleep disturbances or changes in sleep patterns.

What are the guidelines?

Under 18 months: Avoid screen time altogether, except for video chatting with family.

Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.

Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.

Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.

Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.

Source: American Paediatric Association
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Updated: April 07, 2022, 11:30 AM