Meta discontinues NFT services on Instagram and Facebook, and Binance NFT marketplace adds support for trading NFTs on the Polygon blockchain network.
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.
The short-lived NFT features were first launched in May, but Meta’s financial technology lead said it is “winding down” the tools to focus elsewhere.9722
Snoop Dogg has had a considerable presence in the Web3 creator movement since NFTs first gained popularity in 2021.13355
During a Q4 earnings call, Mark Zuckerberg said he saw no reason to deviate from the company’s long-term metaverse strategy.5012
Aptos’ star-studded founders and the market’s disbelief in the rally could further fuel the rise in APT price.6693
There's still plenty of room for innovation, according to Ethereum co-founder Vitalik Buterin.28943
If the Supreme Court decides to strike down Section 230, it's going to become considerably more difficult for centralized social media companies to operate.22671
Despite Facebook’s new name, focus and billions in investment, the metaverse will emerge drastically different from its vision.8120
Blockchain and Web3 companies are attempting to prevent leaks like these in the future by creating alternative login processes and distributing necessary data collection in a highly decentralized way.8833
Blockchain is undermining Big Tech companies and cloud providers, particularly when it comes to the Internet of Things.10427
Claims and noticing agents such as Kroll are often assigned to bankruptcy cases where the number of creditors exceeds a thousand.4508
Ephemeral aspects of pop culture are becoming tradable commodities. That phenomenon will only grow in the years ahead.11422
The Facebook parent company announced it will let go of approx. 13% of its current workforce in the first mass layoff in the company’s history.4743
As of the end of September, Meta had more than 87,000 employees — a large proportion of which is said to work in the Reality Labs division.4922
Centralized communication apps share one crucial feature: They crash often. Cointelegraph investigates to see if decentralization can offer a solution.4203