Facebook is looking for a breath of fresh air. While waiting for the metaverse to turn into the treasure promised by CEO Mark Zuckerberg, the social media giant is trying to diversify away from relying primarily on advertising revenue. It's a safe bet that this product will make the tech tycoon a laughingstock on social media. Read More...
Reuters
Meta plans virtual currency, creator coins for its apps – FT
The move, which is reported to be in its early stages, comes as Meta grows its focus on services centered around the metaverse, a virtual environment where people interact, work and play. If implemented, it could also give Meta a new revenue channel and control over transactions in its suite of apps and services, which include Facebook, Instagram, WhatsApp and the Meta Quest virtual reality platform. Meta’s cryptocurrencies, internally dubbed “Zuck Bucks”, are intended for the metaverse and may not be based on blockchain, the FT report said, citing people familiar with the matter.
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