Facebook is hiring 10,000 people in Europe to build a massive metaverse.

On Monday, the company announced it plans to create 10,000 new jobs across the European Union in order to develop what it calls the metaverse.

Facebook has big plans for the metaverse. The word ‘Metaverse’ is a term used to describe a virtual space where multiple people can exist and communicate in a 3D environment using technologies such as virtual and augmented reality.

The social media giant said Europe will be at the center of shaping the metaverse from the outset, which will help bring new creative, social and economic opportunities to the EU.

Facebook’s version of the metaverse won’t be Facebook’s alone. The company will partner up with other companies to build it, and claims “no one company will own and operate the metaverse.”

The details are a bit all over the place at the moment, but at the core of Facebook’s new initiative is the investment in European tech talent. The company says it will create 10,000 “new high skilled jobs” within the EU over the next five years.

“The EU has a number of advantages that make it a great place for tech companies to invest — a large consumer market, first class universities and, crucially, top quality talent,” the company wrote in a press release. “Beyond emerging tech talent, the EU also has an important role to play in shaping the new rules of the internet. European policymakers are leading the way in helping to embed European values like free expression, privacy, transparency and the rights of individuals into the day-to-day workings of the internet.”

The company claimed it didn’t need to be online more but in a “more meaningful” way. “Like the Internet, the Metaverse exists whether there is Facebook or not. And it will not be built overnight,” Facebook said in September. “The Metaverse is not a single product that one company can build alone.”

The social media giant’s target markets for hiring include Germany, France, Italy, Spain, Poland, the Netherlands, and the Republic of Ireland. But Britain will miss out on leaving the EU in January 2020, ending 47 years of membership.