Home » “Zuck Bucks”: Meta works on his currency for the metaverse

“Zuck Bucks”: Meta works on his currency for the metaverse

by admin
“Zuck Bucks”: Meta works on his currency for the metaverse

After the Diem affair, that is the cryptocurrency that should have changed the world of digital payments sold off to the unknown US bank Silvergate, Facebook (or rather, Meta) takes up the question again. But from a completely different point of view: it is in fact exploring the possibility of launching a centralized digital currency, which therefore it has nothing to do with the world of so-called “DeFi” (decentralized finance) and blockchainsbut which would essentially remember coins, V-Bucks, gems, Unknown Cash, Robuxes, tokens, tokens widely used in gaming and creativity apps like Roblox or Fortnite. They can be bought with real money and spent within the app, in this case of the many products of the group.

From Twitter to Meta: social networks land in the world of NFTs

by Francesco Marino


The plan, according to the Financial Timesit would actually be at the same time more traditional of the previous and more articulated projects. Employees would call this new currency they are working on “Zuck Bucks”, the “Zuck dollars”: it should be the useful bargaining chip in the different articulations of the metaverse that Menlo Park is building, for now based around virtual spaces like Horizon Worlds. , Venues and Workrooms. It could be used to purchase (virtual) goods and services but also, who knows, for interaction and exchanges between individual users.

Nft: the new frontier is gaming

by Amelia Tomasicchio


See also  Air Liquide Medical Systems Srl / Ministry of Health

So for now, putting aside the strategy that aimed to build a cryptocurrency that is still partially centralized and linked to traditional currencies, and therefore in fact a “stablecoin” based on blockchain, the Californian giant continues stubbornly to focus on the metaverse. Further evidence of maximum concentration on the new front is the cancellation of the traditional F8 developer conference of 2022, which had also been skipped at other times in the past.

“Token in-app”, therefore, whose construction is still in its infancy and which – as usual – could be closed as well as suffer delays. And that proceeds in parallel with another projectto launch into the world of traditional finance by offering loans to small and medium-sized enterprises. On the NFT, non-fungible tokens, and their integration in Facebook and Instagram (as well as in the social networks of the metaverse), the projects are instead at a slightly more advanced stage (Zuckerberg himself announced it a few weeks ago): according to a internal document the platform led by Adam Mosseri, who in recent days has been announcing one novelty after another, will soon support the NFT in various ways and in mid-May a program could start that will do the same on Facebook.

Finally, there is the possibility that he token in the incubation phase can not only be bought but in some way also earned in the field by users, according to a mechanism also in this case not unlike the myriad of games and applications, based on the time spent, the activities carried out on the platforms and other activities that are rewarded in this way.

See also  Ukraine war: Washington admits to providing 'sensitive' information to Kyiv and demands continued European sanctions against Russia | Ukraine war news | Al Jazeera

Social

Zuckerberg: “Nft will arrive on Instagram”

by Simone Cosimi


“We continually think about the innovations of new products for people, companies and creators – commented a spokesperson a CoinDeskwithout confirming or denying the indiscretions of the Financial Times – as a company, we focus on building for the metaverse and that includes what payments and financial services could be like. “

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy