Facebook's next product will be its long-awaited Ray-Ban smart glasses ' TechCrunch

While Facebook's booming business is dominated digital ads, it also has hardware ambitions that go beyond VR. The company's CEO Mark Zuckerberg stated that its next product would be a pair smart glasses by Ray-Ban during the company's earnings call.The glasses are iconic in their form and allow you to do some really cool things, according to the Facebook co-founder. I am excited to give these glasses to people and continue my work towards full augmented reality glasses.Since 2019, rumors have swirled about Facebook's sunglasses. Since 2019, rumors have been swirling about Facebook's sunglasses. This resulted in comparisons to Google Glass, another Luxottica collaboration, instead of the Snap-tethered Spectacles. Hugo Barra, the then VP VR of Facebook Reality Labs, stated last year that the glasses would be available in 2021. We haven't heard anything since.The glasses are Facebook's key to the future. Zuckerberg stated that augmented reality (AR), along with virtual reality, is essential to the creation of the metaverse. Zuckerberg stated that Facebook will become a shared platform that allows you to teleport between different social experience using VR and AR in the future.Silicon Valley and futurists have recently coined the term metaverse. Although the idea has been around for over a decade, it only gained popularity after Roblox and Fortnite's breakout success. Satya Nadella, Microsoft's chief executive, mentioned an enterprise metaverse during his earnings call earlier this week.The metaverse is not a trend for Facebook. According to Zuckerberg, the company has spent billions to create its shared universe. It will be filled with digital ads and Facebook users. To make it a reality, the company will need more people to purchase its computing hardware. The company plans to make these devices more affordable.Zuckerberg stated that our business model will not be primarily focused on selling devices at a high price or any other similar endeavors. Our mission is to serve as many people as we can. We want everything we do to be as accessible as possible so that as many people can access it, which will increase the size of the digital economy. This is how I see it.Facebook is also working on sunglasses. Multiple reports claim that Facebook is working on a smartwatch that has a built-in cell connection and a display. Initial expectations were that the watch would be the first to go, but Zuckerberg has other plans.Editor's Note: This article originally appeared on Engadget.