Facebook’s parent company Meta is reportedly planning to launch a new digital currency for the Metaverse. Internally, Meta employees call the unreleased currency “Zuck Bucks.” These new digital dollars may not connect to any kind of blockchain, but don’t worry. Meta, led by CEO Mark Zuckerberg, has plans to integrate NFT We live in hell in 2022, so we’re incorporating it into our social apps as well.
According to a new report from Financial Times, Meta has many virtual coin and currency related projects and plans at various stages of development.The company has TikTok and Incur huge losses on Wall Street.. This is how we get to Zuckerberg.No, it’s not a forgotten name Star Wars An expanded universe character, but instead a stupid name has been developed that some employees are using internally for centralized digital in-app token / currency meta that hasn’t been announced yet. increase.
As stated in the report, the idea is that this one currency is controlled, sold, and backed by Meta and can be used in the various apps and services within it. Proprietary (terrible) metaverse project.. This concept is probably broader, but not entirely different from the unique currencies that already exist in many online games. Financial Times Give it a name directly Roblox Robux is similar to what Meta and Facebook are trying to do.
Another plan: What is called a “social token” or “reputation token” that is offered to users as a reward for providing a “meaningful contribution” in the Facebook group. A similar idea is to offer Meta’s photo-sharing app Instagram a “Creator Coin” that can be tied to a particular influencer. Obviously, Meta has plans to offer small business loans at “attractive rates,” but the report explains that all of these projects could be shelved.
read more: The NFT market has collapsed
Facebook is also aiming for integration NFT and blockchain technology For that app and service. These plans are “more developed” and are said to be unlikely to be withdrawn. One of last week’s notes revealed a rough schedule and Meta is about to start its next pilot program. NFT On Facebook in May of this year.
When this program is published, it will run “immediately” with the ability for Facebook groups to limit membership to users who own a particular NFT, as well as another project to create NFTs via Facebook.According to the memo obtained by, NFTs may be monetized at a later date via “commissions” or “advertising” FT.
If this sounds a bit familiar, it’s because Facebook is trying to create it. Shit using blockchain For a while. Previous efforts, Failed “Diem” I was involved in regulatory issues over the proposed currency stability questions.
According to comments from two people working in Meta’s finance department FT’s reportThe company’s current efforts are trying to avoid its fate by designing “the least regulated way to offer digital currencies.”
Meta people are trying to create something that can avoid all the annoying regulations that were intended. Protects consumers from fraud and pulling on rugs..
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