Earlier this week, Meta also announced it would join with other tech companies to create a Metaverse standards body.
Founded in 2004, Facebook serves as one of the world’s largest social media platforms. A public company tradable under the stock ticker FB, Facebook lets users post pictures, videos and updates, as well as chat and connect with people, among other functions on its platform. Users can also buy and sell things on Facebook Marketplace and chat on their mobile devices via the Facebook Messenger app.
Facebook has faced scrutiny for questionable practices. Facebook founder Mark Zuckerberg has spoken in a number of U.S. government hearings.
In 2019, the company released a white paper detailing its Facebook Libra, a type of stablecoin cryptocurrency. The project met notable regulatory scrutiny and has since changed its name from Libra to Diem.
This protocol allows internet users to secure their online accounts with two-factor authentication on the blockchain.2029
Yahoo has announced its intention to launch a series of Metaverse projects in Hong Kong, apparently creating a brief rally for Decentraland’s native token, MANA.4483
Nearly half of the consumers who reported a cryptocurrency-related scam in 2021 said it started with an ad, post or message on social media.2330
South Korea’s rising interest in nascent tech could prompt other nations to take the idea of the Metaverse more seriously.5275
The five applications suggest the social media firm may use its namesake in a payments processing platform called Meta Pay.3142
According to Mark Zuckerberg, Meta was planning to “bring similar functionality to Facebook soon” and is working on “augmented reality NFTs” for Instagram as well.2968
The court filing is based not on Meta’s logo using the infinity symbol itself but rather on registering a trademark for use in fields offering similar goods and services.5259
Meta’s Reality Labs division posted a $2.9 billion loss in Wednesday’s Q1 earnings call, but Zuckerberg remains optimistic about future profitability from the Metaverse.6374
The store, which will be located on the company campus in Burlingame, California, will feature a wall-to-wall curved LED screen that displays what users see using Meta VR headsets.5121
There is a place for the Metaverse in the world thanks to emerging technologies like NFTs, but digital worlds still have a long way to go before being implemented in daily life.7462
Regulatory uncertainty, potential competition from tech giants and a market nearing exhaustion are all factors impacting ETH price.10907
The digital currency, which employees have reportedly dubbed “Zuck Bucks,” will be aimed at use in the metaverse.3782
The ACCC highlighted unapproved or endorsed “scam” ads featuring prominent Australian figures such as entrepreneur Dick Smith, TV host David Koch and former NSW premier Mike Baird, in particular.3868
“Since departing Meta (formerly Facebook) we have been able to put our ideas into motion, ditch bureaucratic red tape, and build an entirely new network,” Aptos stated.4196