Twitter's biggest rival is social media pioneer Meta Corporation, earlier known as Facebook. Last year, Facebook rebranded itself to focus more on bringing Metaverse to life. Meta CEO Mark Zuckerberg has had this metaverse vision ever since it purchased Oculus and its leading consumer VR operations back in 2014 for $2 billion. Meta is looking to rival Twitter and developing Instagram as a platform to support NFT trading and generate significant revenues from the fastest-growing asset in the cryptocurrency industry.