Meta concentrates on implementing non-fungible (NFT) tokens into its platforms. Diem was sold to Silvergate Bank for $200 million. Lightspark will provide backend services for businesses. David Marcus, the crypto former and chief of Meta formally known as Facebook. In November 2021, he closed the Stablecoin project (Diem) after the
Plugging in their wallets will allow users to verify ownership of NFTs. NFTs will very probably gain new cultural clout due to the decision. There are plans to integrate non-fungible token (NFT) systems like Ethereum, Polygon, Solana, and Flow into the social media behemoth of Meta. Digital collectibles transactions rely
OpenSea costs 2.5% for every transaction. NFT community has expressed varied feelings online. On the virtual reality platform Horizon Worlds, Meta expects to take a 47.5 percent share, leaving the NFT author with 52.5 percent of the sale’s earnings. The company’s ambition to build a metaverse includes the production of
Aiming to provide NFTs through Instagram avatars is already being considered. Both Meta Portal and Meta Horizon have been trademarked to encompass VR. Facebook (Meta) may be planning to launch its own cryptocurrency exchange and digital assets wallet, based on recent data from crypto commentator Bitcoin Archive on its Twitter
Goldman Sachs estimates that the metaverse might be worth $8 trillion. JPMorgan and HSBC have recently entered the metaverse. This week, Meta, formerly Facebook, registered eight new trademarks for its emblem with the US Patent and Trademark Office (USPTO). According to Mike Kondoudis, a USPTO-licensed trademark attorney, the applications were
Meta signs up a deal with Brazil. Meta to bring out all crypto and related services including BTC, for Brazil. Meta plans great for expanding itself further into crypto and related trades. The Meta Platforms Inc, also known as simple ‘Meta’ now plans on taking over the crypto industry by
Facebook, now Meta, has joined the Crypto Open Patent Alliance (COPA). A group managed by Block, the payments firm founded by Jack Dorsey. Meta will join over a dozen other firms. These firms have committed not to prosecute their “core cryptocurrency patents” by joining COPA. Max Sills broadly defines the
Meta’s trademark filing order was made on October 5, 2021, from Jamaica. The application for registration was published on January 25. Brazilian authorities have registered Meta’s trademark for various Bitcoin (BTC) and crypto-related services, including hardware and software design, development, production, and distribution. Even though it has been repeatedly denied
Facebook plans to sell off it’s much ambiguous stablecoin project, the ‘Diem’. All assets, including the technical resource engineers and team to be sold off. Feds play a major role as hurdles for Diem. Stablecoin owes to be one of the safest and best crypto businesses in the industry. Being
For a long time, Facebook has been involved in the crypto discussion. Crypto advertising is perhaps at its highest point in history. Google’s crypto ad policy seems to have evolved, favouring crypto platforms advertising on Google channels in the last few months. Facebook, renamed Meta, makes it simpler for crypto
