News
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.
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Facebook News
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.
- News
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.
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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.
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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.
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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.
7226 - Market Analysis
Regulatory uncertainty, potential competition from tech giants and a market nearing exhaustion are all factors impacting ETH price.
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The digital currency, which employees have reportedly dubbed “Zuck Bucks,” will be aimed at use in the metaverse.
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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.
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“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.
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Blockchain and the play-to-earn gaming movement could become even more addictive in 2022 as popular game developer Zynga fleshes out its team.
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Portals co-founder Adam Gomez explained that a browser-based platform lowers the barrier to enter metaverse for many people.
6958 - Market Analysis
Recent strength in BTC and the recovery in equities markets are boosting investors’ confidence and giving bulls the upper hand.
7803 - Analysis
As the Crypto Open Patent Alliance continues to onboard a growing list of high-profile clients, some experts believe the organization can truly transform the industry.
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Eighty-seven percent of respondents said they would switch to full-time gaming in the metaverse if the pay is good.
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The news comes one day after billionaire Andrew “Twiggy” Forrest announced he would be mounting legal action against the social media giant.
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