|All Time High:|
|Market Cap: |
|The price of #MTA today is $0.14 USD.|
The lowest MTA price for this period was $0, the highest was $0.136, and the exact current price of one MTA crypto coin is $0.13559.
The all-time high MTA coin price was $11.16.
Use our custom price calculator to see the hypothetical price of MTA with market cap of BTC or other crypto coins.
|The code for Meta crypto currency is #MTA. |
Meta is 2.1 years old.
|The current market capitalization for Meta is $11,410,539.|
Meta is ranking downwards to #531 out of all coins, by market cap (and other factors).
|The trading volume is medium during the past 24 hours for #MTA.|
Today's 24-hour trading volume across all exchanges for Meta is $620,868.
|The circulating supply of MTA is 84,156,300 coins, which is 84% of the maximum coin supply.|
|MTA has limited pairings with other cryptocurrencies, but has at least 4 pairings and is listed on at least 14 crypto exchanges.|
View #MTA trading pairs and crypto exchanges that currently support #MTA purchase.
|Note that there are multiple coins that share the code #MTA, and you can view them on our MTA disambiguation page.|
Strengthening the foundations for growth
The mStableDAO completes its restructuring process to strengthen the foundation for exponential growth with mStable V2. With this completed, the following entities and associated signer groups were established: TreasuryDAO (4/6 signers), ProtocolDAO (4/6 signers), Builder subDAO (2/3 signers), Ecosystem subDAO (2/3 signers), — Why restructure? - To align the interests of the protocol and governance bodies, we introduced a more active signer group with active compensation to participate more in the ecosystem. This will ensure that governors are incentivized to make the best decisions for the protocol while avoiding unnecessary overheads that was inherited with the old signer structure. — The new subDAOs will drive accountability in a more structured manner - TreasuryDAO The TreasuryDAO has absorbed the Asset Management subDAO & Funding subDAO. Treasury Management will now be backed by a Charter — currently in progress — on top of the discretionary spending limit for more transparency. This ensures that spending above the discretionary spending limit is guided by a robust framework. ProtocolDAO The ProtocolDAO remains largely similar, and its role in the ecosystem is to ensure that the core contracts are funded, the proposals that get voted in via Meta Governance make it on-chain, and that the smart contracts are executed using with a diverse multi-sig structure for robust security. Builder subD...
mStable Governance Updates — 19 September 2022
Stable Governance Updates — 19 September 2022 - Dear governors, here’s the latest edition of governance updates from the engine room. RFCs: — Increase fees charged to the Save vault to 20%. — forum.mstable.org, Raise the governance fee for our mUSD Save Vault on Ethereum Mainnet from 10% to 20%, Implementation Updates: — TDP 50: mStableDAO x WorkDAO Partnership. — vote.mstable.org, The WorkDAO Proposal has passed, and the Operations team is working full-time to complete the onboarding into WorkDAO for the relevant employees and contractors!, October Governance Call Our monthly call will happen on the 4th of October at 3:30PM UTC where we’ll discuss everything mStable Governance, DAOs, as well as give an outlook on what we’ve been working towards. — About mStable - mStable is a secure savings layer built for DeFi for pegged-value crypto assets. Website | Discord | Twitter | Forum mStable Governance Updates — 19 September 2022 was originally published in mStable on Medium, where people are continuing the conversation by highlighting and responding to this story.
Token Emission and the Future of MTA
Introduction - Since the launch of mStable, the protocol has undergone a number of changes and improvements. One area that has seen significant change is the role of mStable’s Governance Token (MTA). In this post, we aim to explain some of the developments of the MTA token and what the future might hold for it. The original role of MTA was to align interests of users, token holders, investors and other stakeholders and bootstrap a decentralised community of governors. In order to achieve this, MTA was distributed to users in the form of rewards, which could be earned by participating in the protocol. As the protocol grew and the ecosystem around it developed, it has become clear that this model is no longer sustainable. In particular, the high rate of token issuance was not conducive to long-term value creation, and the rewards were not always aligned with the interests of the protocol. — The need for change - Token emissions fuelled the DeFi summer, but were unsustainable long-term. mStable joined the effort like many protocols to distribute its governance token this way. While great at bootstrapping growth at the beginning, it was highly addictive because it fuelled deposits into the protocol and the total deposits into the protocol depended on it partially. On the flipside, lowering emissions would reduce yield and correspondingly deposits and TVL, a metric that was artificially inflated to keep a protocol relevan...
mStable Governance Updates — 12 September 2022
Stable Governance Updates — 12 September 2022 - Dear governors, here’s the latest edition of governance updates from the engine room. Snapshot Proposals: — TDP 50: mStableDAO x WorkDAO Partnership. — vote.mstable.org, Engage WorkDAO as a service provider to mStable to enable compliant Web3 employment, RFCs: — Increase fees charged to the Save vault to 20%. — forum.mstable.org, Raise the governance fee for our mUSD Save Vault on Ethereum Mainnet from 10% to 20%, Implementation Updates: — MTA Movement into the Emissions Controller. — etherscan.io, We have successfully moved all remaining MTA earmarked for the Emissions Controller from our Treasury multisig into the smart contract., — About mStable - mStable is a secure savings layer built for DeFi for pegged-value crypto assets. Website | Discord | Twitter | Forum mStable Governance Updates — 12 September 2022 was originally published in mStable on Medium, where people are continuing the conversation by highlighting and responding to this story.
mStable Governance Updates — 5 September 2022
Stable Governance Updates — 5 September 2022 - Dear governors, here’s the latest edition of governance updates from the engine room. Snapshot Proposals: — TDP 48: mStable Builder subDAO (Sep-Dec 2022). — vote.mstable.org, Fund the Builder subDAO for the remainder of 2022, — TDP 49: mStable Ecosystem subDAO (Sep-Dec 2022). — vote.mstable.org, Fund the Ecosystem subDAO for the remainder of 2022, — MCCP 25: Increase Governance Fee Flow to Treasury. — vote.mstable.org, Increase the percentual allocation the Treasury currently receives from protocol fees for all products, Formal Proposals: — TDP 50: mStableDAO x WorkDAO Partnership. — forum.mstable.org, Engage WorkDAO as a service provider to mStable to enable compliant Web3 employment, — September Governance Call. — Our monthly call will happen tomorrow at 4PM UTC where we’ll discuss everything mStable Governance, DAOs, and a new way to move the wider mStable treasury management forward in an inclusive and decentralized manner, — About mStable - mStable is a secure savings layer built for DeFi for pegged-value crypto assets. Website | Discord | Twitter | Forum mStable Governance Updates — 5 September 2022 was originally published in mStable on Medium, where people are continuing the conversation by highlighting and responding to this story.
mStable Governance Updates — 15 Aug 2022
Stable Governance Updates — 15 Aug 2022 - Dear governors, here’s the latest edition of governance updates from the engine room. RFCs: — TreasuryDAO Charter. — forum.mstable.org, Craft a TreasuryDAO Charter that codifies how the discretionary spending of the TreasuryDAO is to be carried out by the signer group, and help with transparency and verifiability of the monthly Asset Management reporting process done on behalf of the DAO, Implementation Updates: — ProtocolDAO. — forum.mstable.org, We are finalizing signers acknowledging their successful election into the DAO & will begin rotation into the DAO afterwards, — TreasuryDAO. — forum.mstable.org, All signers have acknowledged and confirmed their seats in the DAO, and we have begun rotating the new signers into the TreasuryDAO, Asset Management subDAO & Funding subDAO respectively, — September Governance Call. — Our monthly call will be held on the 6th of September, at 4PM UTC. The agenda includes discussing about mStable Governance, DAOs, and a new way to move the wider mStable treasury management forward in an inclusive and decentralized manner. — About mStable - mStable is a secure savings layer built for DeFi for pegged-value crypto assets. Website | Discord | Twitter | Forum mStable Governance Updates — 15 Aug 2022 was originally published in mStable on Medium, where people are continui...
mStable Governance Updates — 8 Aug 2022
Stable Governance Updates — 8 Aug 2022 - Dear governors, here’s the latest edition of governance updates from the engine room. The official mStable ProtocolDAO & TreasuryDAO elections are now live on Snapshot. You can vote for your favourite signers, featuring a custom multi-winner ranked choice voting strategy. Snapshot Proposals: — TreasuryDAO Signer Elections. — vote.mstable.org, Vote for the next round of signers to occupy the TreasuryDAO seats for the upcoming term, and represent the Treasury portion of the wider mStableDAO ecosystem, — ProtocolDAO Signer Elections. — vote.mstable.org, Vote for the next round of signers to occupy the ProtocolDAO seats for the upcoming term, and represent the Protocol portion of the wider mStableDAO ecosystem, — MCCP 23: Disable underutilized dials II. — vote.mstable.org, Disable the second batch of underutilized dials in the Emissions Controller to avoid incentivising pools that receive a substantial amount of MTA per epoch without contributing much to the ecosystem, — MCCP 24: Reduce weekly MTA emissions. — vote.mstable.org, Reduce the emissions of the Emissions Controller to a simple linear function, extending the emissions schedule from 6 years to 12 in order to reduce sell pressure, RFCs: — TreasuryDAO Charter. — forum.mstable.org, Craft a TreasuryDAO Charter that codifies how the discretionary spendi...
mStable x Boardroom integation
Stable x Boardroom - Boardroom has launched governance support for mStable. Dashboard: mStable tokenholders are able to track, delegate, and vote on proposals through the Boardroom Dashboard and API, Delegate Discovery: Tokenholders will soon be able to track, research, and delegate to mStable delegates through our Delegate Discovery page (late July), — Boardroom Dashboard - The Boardroom Dashboard enables users to vote, propose, participate in discussions through Discord, and delegate on mStable’s governance. MTA holders can use the dashboard to vote, propose, and delegate on mStable’s governance processes. Developers can also use Boardroom’s API to create their own custom dashboards to interact with mStable governance. — Delegrate Discovery - Boardroom’s Delegate Discovery allows MTA holders to view a sortable list of mStable delegate profiles, complete with vote and proposal history across all DAOs, delegate pitches, and voting power. mStable’s integration with Boardroom is another step forward for tracking and staying up to date on mStable’s governance. — About mStable - mStable is a secure savings layer built for DeFi for pegged-value crypto assets. Website | Discord | Twitter | Forum mStable x Boardroom integation was originally published in mStable on Medium, where people are continuing the conversation by highlighting and responding to this story.
mStable Governance Updates — 18 July 2022
Stable Governance Updates — 18 July 2022 - Dear governors, here’s the latest edition of governance updates from the engine room. Two posts have just gone up in the forums where interested members can submit their nomination for getting a signer spot in either the ProtocolDAO or TreasuryDAO. You can either nominate yourself or someone else, and more information is to be found in TDP 45 linked in the respective threads. Call for Applications: — TreasuryDAO Signer Elections. — forum.mstable.org, — ProtocolDAO Signer Elections. — forum.mstable.org, Formal Proposals: — TDP 47: mStable Restructure — Compensation Model & subDAO Funding Request Framework (4 of 4). — forum.mstable.org, Compensation Summaries both the Ops Signers of the DAO & Cat Herder and Official Framework for future subDAO Applications, August Governance Call: The next mStable Governance Call will be held on the 2nd of August at 3PM UTC where we’ll discuss the ongoing mStableDAO Restructuring efforts amongst other exciting news, so you definitely don’t wanna miss this fantastic opportunity to deep-dive into mStable’s Governance Workflows, — About mStable - mStable is a secure savings layer built for DeFi for pegged-value crypto assets. Website | Discord | Twitter | Forum mStable Governance Updates — 18 July 2022 was originally published in mStable on Medium, where people are cont...
Finding focus to build the future
Stable has entered its next chapter. This means new products, refreshed tokenomics, a more efficient DAO, and an expanded and more empowered core contributor group.. — The recent blow-up of some big names in centralised crypto and of Terra Luna demands a strong reaction from those in DeFi who believe in its potential for positive impact. I came here to build a better future. The DeFi I believe in is more efficient, more transparent, more open, more creative, and more secure than traditional finance. We’ve seen DeFi do just that recently. Maker, Aave, and Compound have worked perfectly while BlockFi, Celcius, 3AC, and so on, have not. But the road is long and much else needs to be built. This post describes mStable’s commitment to making the tough decisions that will allow us to contribute meaningfully to DeFi’s future. — A new mStable. — mStable was launched in May 2020. Our v1 protocol has served us well, facilitating:over US$6bn in volume in our swap productattractive yields on USD and BTC stables in our save productreliable stable value in our meta-stablecoin product0 hacks mStable’s most successful product is mUSD Save (imUSD). It is an aggregation savings-like product, that allows several different stables to enter and earn yield, derived from Aave, Compound, and native swap fees. This product has worked well but has not scaled sufficiently. DeFi thrives off generic, composable, and open pr...
More Meta (#MTA) News
|US Senators Press Meta CEO Mark Zuckerberg on Crypto Scam Policies for F...
Six U.S. senators have demanded answers from Meta CEO Mark Zuckerberg about how his company is handling cryptocurrency scams on its social media platforms, including Facebook, Instagram, and Whatsapp. 'We are concerned that Meta provides a breeding ground for cryptocurrency fraud that causes significant harm to consumers,' the lawmakers wrote.Senators Want Answers From Mark Zuckerberg and Meta Platforms
U.S. Senators Robert Menendez, Sherrod Brown, Elizabeth Warren, Dianne Feinstein, Bernard Sanders, and Cory A. Booker jointly sent a letter on Thursday to Mark Zuckerberg, chairman and CEO of Meta, about his company's 'efforts to combat cryptocurrency scams on its social media platforms, including Facebook, Instagram, and Whatsapp.'
Citing 'recent reports of scams on other social media platforms and apps,' including data from the Federal Trade Commission (FTC), the senators wrote:
We are concerned that Meta provides a breeding ground for cryptocurrency fraud that causes significant harm to consumers.
'While crypto scams are prevalent across social media, several of Meta's sites are particularly popular hunting grounds for scammers,' the letter describes. 'Among consumers who reported being scammed out of cryptocurrency on a social media website, 32% identified the scam as having originated on Instagram, 26% on Facebook, and 9% on Whatsapp.'
The lawmakers asked Zuckerberg seven questions concerning Meta's current policies pertaining to cryptocurrency scams. They request that t...
|Meta & Qualcomm to Develop Metaverse Geared Silicon to Be Used in Next G...
Meta recently announced a partnership with mobile chip company Qualcomm to produce chips geared for the metaverse market. The agreement will allow Meta to use Qualcomm's XR technology, designed for extended and virtual reality tasks, to design and manufacture silicon to be put in the next line of Meta's VR application, including future headsets for its Meta Quest line of products.
Qualcomm and Meta to Bring the Metaverse to Chips
While the metaverse company has focused more on the software part of the computing equation thus far, Meta is making moves to bring more efficient and powerful chips to its products. The company has now inked a partnership with Qualcomm, one of the biggest fabless mobile chip companies in the world, to help it produce silicon specially designed to fulfill metaverse tasks.
The custom chips will use Qualcomm's XR technology, which includes virtual reality and extended reality functions. About the importance of this partnership, Cristiano Amon, CEO of Qualcomm, stated:
Building off our joint leadership in XR, this agreement will allow our companies to deliver best-in-class devices and experiences to transform how we work, play, learn, create and connect in a fully realized metaverse.
The multi-year agreement was disclosed without numbers, with a press release stating the engineering teams of each company will deepen the collaboration to achieve joint VR objectives.
Custom Silicon to Continue Advancing
|Meta to Open 10 Metaverse Campuses as Part of $150 Million Immersive Lea...
Meta, the metaverse-focused social media company, is helping universities get their own virtual reality campuses online. The company will be opening 10 virtual campuses as part of its Immersive Learning project, which seeks to take education to virtual reality environments. In partnership with Victoryxr, an Iowa-based virtual reality education startup, Meta will invest $150 million in this initiative.
Meta Getting Universities Into the Metaverse
One of the biggest applications of virtual reality and metaverse technology has to do with education and the possibility of virtual reality classes coming true. Meta, the social media behemoth, is executing this idea, helping 10 universities to launch their metaverse-based campuses.
One of these is the University of Maryland Global Campus (UMGC), which is an online university. The more than 45,000 students of the university will now be able to meet in a metaverse online to convene and share their experiences.
Daniel Mintz, chairman of the department of information technology at UMGC stated:
We've never had a campus before, and now we have our first. It has a duck pond.
As part of this plan, the university will offer five courses in the metaverse campus that will come at no additional cost when compared to non-immersive courses. However, the university is limited by the number of headsets (required for the courses) it can loan to students.
Other institutions will also be part of this proje...
|Meta Reveals Cross-Posting NFT Compatibility Between Facebook and Instag...
Meta, the corporate entity behind the social media platforms Instagram and Facebook, has revealed that non-fungible token (NFT) support now offers cross-posting compatibility between the two major social media platforms. The digital collectible-sharing ability follows Meta rolling out NFT and Web3 wallet support to 100 countries during the first week of August.Meta's NFT Rollout Continues as Social Media Giant Introduces the 'Ability to Post Digital Collectibles'
Meta Platforms, Inc. (Nasdaq: META), announced on August 29, 2022, that the firm is 'introducing the ability to post digital collectibles' across Instagram and Facebook. Meta disclosed the information on Twitter and shared a blog post published in May that gets updated on a regular basis.
When Meta tweeted about the NFT cross-posting compatibility and support for Facebook and Instagram, the company got a few replies from individuals who liked the idea and also from people who mocked the NFT concept. One person wrote that Meta's latest NFT cross-posting compatibility was 'bullish.'
Meanwhile, a number of other people mocked the NFT announcement and one such individual told Meta: 'No, I'll just post the jpeg instead, thanks.' Another individual replied jokingly that sharing a jpeg was 'more safe for sure.' A few people shared screenshots of the ability to cross-post NFTs across Instagram and Facebook.
Meta's post on Monday states:
As we continue rolling out digital collectibles on Facebook and Instagram, we've started ...
|Meta Allows Users to Post NFTs Across Facebook and Instagram
Social media giant Meta announced the integration of non-fungible tokens (NFTs) to Facebook, adding that NFT creators can now showcase their digital collectibles across Facebook and Instagram.
Some of the wallets supported by the social media giants include Coinbase Wallet and MetaMask Wallet.
In an updated blog post on Monday (August 29, 2022), Meta revealed that users can link their digital wallets to either Facebook or Instagram, thereby making it possible to post NFTs across both platforms.
Meta earlier stated that NFT creators and businesses in 100 countries in Africa, the Middle East, the Asia Pacific, and the Americas will be able to display their digital collectibles on Instagram.
At the time, the social media giant stated that the platform will support Ethereum, Polygon, and Flow blockchains on Instagram. Third-party wallets also supported include Trust Wallet, Rainbow Wallet, Coinbase Wallet, Dapper Wallet, and MetaMask Wallet.
The ability to share NFTs on social media apps first started with a trial on Instagram with select creators and collectors in the United States.
Meanwhile, Meta's continuous expansion of the feature to include Facebook and users beyond the U.S. is a testament to the company's plans to allow widespread access to NFTs. A statement in May said:
'By building support for NFTs, we aim to improve accessibility, lower barriers to entry, and help make the NFT space more inclusive to all communities.'
The post Meta Allows Users to Post NFTs Across ...
|Meta Launches Horizon Worlds Metaverse App in Spain and France
Meta, the social network company, has expanded the services of its flagship metaverse app, Horizon Worlds, to Spain and France. This move is part of the expansion plan of Meta to offer these services to more countries in Europe this year. While the app was available as an invite-only service in 2020, it just opened its services to the general public in December 2021 for the U.S. and Canadian markets.
Meta Expands App Horizon Worlds to Spain and France
Meta, the social media conglomerate, is expanding its metaverse offerings to Europe. The company recently announced the launch of one of its main metaverse apps, Horizon Worlds, in Spain and France. In a post, the company announced that all citizens over 18 years old in these countries will have the opportunity to enjoy this service using one of the VR headsets sold by the company.
Horizon Worlds lets users experience a VR world in which they are represented by a configurable avatar, and can roam worlds created by other players and experiences developed by companies. This launch in these two countries is part of a move that will seek to launch Horizon Worlds in more European countries before 2023.
The app, which has been available to users as an invite-only closed beta since 2020, opened its services to the U.S. and Canada last December and followed this launch by opening its platform to U.K., Ireland, and Iceland-based customers this year.
Spain is a country that is especi...
|Hacker Selling 1 Billion Chinese Citizens' Data for 10 BTC, Zucker...
In this week's bite-sized digest of the hottest stories from Bitcoin.com News, a hacker claims to have stolen a massive amount of Chinese citizens' personal data from Shanghai police, and now wants to sell it for ten bitcoins. Also, Mark Zuckerberg's Meta has ditched the Novi project, after unveiling a new metaverse wallet. These stories and more, right below.
Leaked Personal Data of 1 Billion Chinese Citizens on Sale for 10 Bitcoins - Hacker Claims Stolen From Shanghai Police
A hacker claims to have stolen the personal data of a billion Chinese citizens from the Shanghai National Police (SHGA) and is selling it for 10 bitcoins. 'This database contains many TB of data and information on billions of Chinese citizens.'
Meta Ending Crypto Project Novi After Mark Zuckerberg Unveiled Metaverse Digital Wallet
Meta Platforms, formerly Facebook, has announced the end of its crypto project Novi. Users are advised to withdraw funds as soon as possible. The announcement followed the introduction of a digital wallet for the metaverse, announced by Meta CEO Mark Zuckerberg.
Mad Money's Jim Cramer Says Crypto Immolation Shows the Fed's Job to Tame Inflation Is Almost Complete
The host of Mad Money, Jim Cramer, claims that 'With the immolation of crypto, the Fed's job is almost complete.' He stressed that 'one front in the war on inflation that's been an outstanding total victory for the Fed' is the battle against financial speculation.
Peter Schiff's Euro...
|Meta to Shut Down Digital Wallet Novi Less Than a Year After its Launch
The Novi digital wallet will be shut down on September 1, announced the company behind the project - Meta (formerly Facebook). This comes after years of regulatory scrutiny and unsuccessful launch attempts.
The initial idea, started in June 2019, saw several company executives setting up a digital wallet (called Libra at the time) that wanted to operate a single global digital currency (similar to a stablecoin).
Given the firm's previous hurdles with watchdogs, the plan faced enhanced scrutiny from different regulators almost immediately.
This led to multiple changes over the years, including the rebranding of Libra to Novi (last October), inspired by the Latin words novus (new) and via (way). The company wanted to clear up some of the confusion with the previous version.
Novi came as a beta version, in which Coinbase served as custodian, and users were able to send money 'as easily as they send messages.'
Now, though, less than e year since the debut, Meta has decided to shut it down, as announced on Novi's website, which reads that the wallet will 'no longer be available for use after September 1.'
It also warns existing users to withdraw all of their funds stored on the platform before that date as they wouldn't be accessible after it.
Upon the launch of the beta version, Novi came with a promise of a stablecoin called Diem. However, that idea also came to an abrupt end, at least from Meta's oversight.
Several ex-developers decided to relaunch the project with a different...
|Meta Ending Crypto Project Novi After Mark Zuckerberg Unveiled Metaverse...
Meta Platforms, formerly Facebook, has announced the end of its crypto project Novi. Users are advised to withdraw funds as soon as possible. The announcement followed the introduction of a digital wallet for the metaverse, announced by Meta CEO Mark Zuckerberg.Crypto Project Novi Ending
Facebook owner Meta Platforms Inc. (Nasdaq: META) announced Friday that its crypto project pilot Novi 'is ending soon.' According to its website:
Novi will no longer be available for use after September 1.
In Friday's announcement, Meta explained that starting July 21, users will no longer be able to add money to their Novi accounts.
In addition, starting Sept. 1, both the Novi app and Novi on Whatsapp will no longer be available and users will not be able to log into their Novi accounts.
The company has advised users to withdraw their Novi balances before Sept. 1. Any remaining funds after that date will be transferred to the bank accounts or debit cards listed on their Novi accounts.
From Novi to Metaverse Digital Wallet
Novi is a digital wallet that lets users transfer money instantly with no fees using cryptocurrency, its website explains. Meta launched Novi in beta last October with Coinbase as its custody partner.
Novi account balances are kept in USDP (pax dollar), a stablecoin issued by Paxos Trust Company, a regulated entity. Meta ultimately planned to use cryptocurrency Diem, formerly Libra, for the service. However, the company faced multiple regulatory hurdles and eventually scra...
|Meta Launches Meta Pay, a Metaverse Dedicated Digital Wallet
Meta, the metaverse-based platform, has announced the launch of a new wallet directed to support value interaction in the metaverse. Meta Pay, a rebrand of the former Facebook Pay service, will keep fulfilling the same functions that Facebook Pay did in the past, but will be developed as a universal way of paying for goods and services using digital identities in the metaverse.
Facebook Pay Rebrands to Meta Pay
Meta is trying to solve the problem of transaction and value interactions in the metaverse. The company announced the launch of a new digital wallet that will support the economy of users in the upcoming iteration of Meta's metaverse. The wallet, dubbed Meta Pay, will be an evolution of what's known today as Facebook Pay, still supporting the array of payments it handles currently, but with a new focus on digital identity and proof of ownership.
According to Meta (formerly Facebook) CEO Mark Zuckerberg, Meta Pay will be a solution to two issues in the metaverse: accessibility to digital goods and proof of ownership. About this, he stated:
In the future, there will be all sorts of digital items you might want to create or buy - digital clothing, art, videos, music, experiences, virtual events, and more. Proof of ownership will be important, especially if you want to take some of these items with you across different services.
Portability and Standardization in the Metaverse
Zuckerberg stated that ideally, everything purcha...
|Meta Unveils Metaverse Monetizing Tools for Facebook and Instagram Creat...
In a Facebook post on June 21, Zuckerberg said there would also be updates to “help creators build for the metaverse.” He added that he wanted platforms such as Facebook to play a role in the growing creator economy.
There were six new updates that Zuckerberg shared in his thread. The first one was more revenue to creators, with the social media platforms holding off on any revenue sharing on Facebook and Instagram until 2024. “That includes paid online events, Subscriptions, Badges, and Bulletin,” he added.
Previously, the commitment to give more revenue to creators only ran until 2023, but the chief executive has now extended that. In a June 2021 post, he said the company would take “less than the 30% that Apple and others take.”
Eligible Content Creators
Interoperable Subscriptions allow creators to give their paying subscribers on other platforms access to subscriber-only Facebook Groups.
Additionally, the Facebook Stars section will be opened up to “all eligible creators,” enabling more people to earn from their Reels, live, or VOD videos.
The Reels Play Bonus program will also be opened up to more creators allowing them to cross-post Instagram Reels to Facebook and monetize them there too.
An Instagram Creator Marketplace is also being tested to allow creators to get discovered and paid. Brands will also be able to share new partnership opportunities.
Finally, the firm is expanding its digital collectibles enabling more cr...
|Meta Launches Metaverse Digital Clothing Store
Meta announced that it was launching a designer digital clothing store that will allow users to purchase pieces of clothing for their avatars in its metaverse. The company believes that clothing and other accessories will become an important part of the users' identity expression and that this will entice them to spend money on digital clothes that will be wearable on all Meta's apps, including Facebook and Instagram.
Meta to Sell Metaverse Clothing
With the rise of the metaverse, an alternative and digital take of our world, companies have begun to include industries like clothing to capitalize on the earnings that the need for expression of metaverse users can produce. One of these companies is Meta, which has recently announced the launch of a digital clothing store, named the 'Meta Avatars Store,' that will allow users to purchase clothing of different brands to dress their metaverse avatars.
The store, which will be rolling to different markets this week, will feature digital designs created by Balenciaga, Prada, and Thom Browne, and will be available for Meta's avatars on Facebook, Instagram, and Messenger. The pricing for each one of the pieces of clothes available has still not been revealed.
Meta's Digital Bet
Meta's bet is simple: the company believes that the metaverse will grow so big in the coming years that the need for these digital items will also grow with it. That is why the company pivoted to a metaverse-driven business earlie...
|Sticker Culture NFT Meta Pylon to Launch the World's First Sticker...
[PRESS RELEASE - Tokyo, Japan, 17th June 2022]
META PYLON announced the world’s first feature to encourage NFT holders to participate in the Metaverse. This feature recognizes NFTs held by users as stickers and attaches them to 3D objects to create entirely new NFTs. This is being done through its 5,555 on-chain interactive NFT products that it is offering for mint.
META PYLON is a Japanese NFT that combines street and subculture to create a unique experience of displaying NFTs within the metaverse. By offering 3D cones via NFTs, META PYLON allows users to display their in-wallet NFTs to others, creating a more social experience for all. (How it works)
META PYLON solves NFT art industry-specific challenges
Given how popular the metaverse is becoming and how users are often robbed of the chance to show others their NFT,s META PYLON is looking to solve a unique industry problem.
Typically, when an NFT is purchased by a consumer, it is held only in their wallet and there is little opportunity to show it off to anyone, META PYLON fixes this by offering Pylon NFTs.
These NFTs are the digital cones that other NFTs can be attached to. By attaching the NFT to Pylon, users can create their own original 3D Pylon. It is a completely new way to showcase their NFT collection. Additionally, users can put the 3D Pylon in the metaverse. META PYLON has also prepared an Original Sticker Pack by collaborating with various creators, other NFT Projects, and artists. Each META PYLON owner wi...
|Meta Apes Launches on BNB Application Sidechain to Combine Web2 and Web3...
[PRESS RELEASE - San Francisco, United States, 31st May 2022]
Meta Apes - a free-to-play, play-to-earn MMO strategy game designed for a mobile-first experience - is delighted to announce that it has become the first game to go live on the BNB Application Sidechain (BAS). Meta Apes is now available for Android devices on Google Play, with the iOS app coming in the near future.
The game is set in a post-apocalyptic world where humanity has vanished and a new era ruled by Apes has begun. Next on the agenda is space domination. Each player will have to work closely with his or her Gang to become the strongest Clan and win the ultimate race to space.
'Meta Apes was born out of this idea of creating a community-oriented game that offers both audiences something valuable - 1) an opportunity for the traditional gamers to earn & truly own their in-game assets and 2) a much more interactive and enjoyable experience to the blockchain gamers who are primarily looking to earn,” said Taylor Shim, Business Lead at Meta Apes.
She added, “Building on an application-focused sidechain helps us avoid a lot of the common issues seen in blockchain gaming like network congestion and giving us a lot more flexibility in terms of game design & tokenomics.”
Using Ankr’s gaming software development kit (SDK), Meta Apes has combined the fun gameplay that users love in Web2 with the incentives and monetization mechanisms that are an integral part of Web3. With full Web3 capabilitie...
|Facebook Owner Meta Files Trademark Applications for 'Meta Pay&rsq...
Meta Platforms Inc., formerly Facebook, has filed five trademark applications for 'Meta Pay.' The filings cover a wide range of cryptocurrency services. The company is renaming Facebook Pay to Meta Pay.Trademark Applications for Meta Pay
Meta Platforms Inc., formerly Facebook, filed five trademark applications for 'Meta Pay' with the United States Patent and Trademark Office (USPTO) last week.
Trademark attorney Josh Gerben tweeted explaining Wednesday that, in his opinion, Meta's applications indicate the company is planning to launch a payment platform called Meta Pay for users to exchange regular fiat money for cryptocurrencies.
Meta's head of fintech, Stephane Kasriel, explained last week that the company is 'investing more' in its existing payments experiences, noting that it has been in payments since 2009.
'Today, people and businesses use our platforms to make payments in 160 countries and 55 currencies,' Kasriel wrote, elaborating:
The experience that people see today is Facebook Pay, but we'll be bringing that closer to the Meta brand soon by renaming it Meta Pay.
In March, Meta filed eight trademark applications for its logo covering the metaverse as well as a wide range of cryptocurrency services.
What do you think about Meta filing trademark applications for Meta Pay? Let us know in the comments section below.
|Meta Files “Meta Pay” Trademark Applications Hinting at Cryp...
Meta Platforms Inc. – the owner of the Meta (formerly Facebook) brand – filed for five trademark applications on Friday under the name of “Meta Pay”. They appear to be dedicated to a new digital payments platform that will integrate various cryptocurrency and blockchain-related products.
Examining “Meta Pay”
According to the applications filed on May 13th, Meta Pay is described as an “online social investment network.” It will allow users to conduct trades using digital currencies, blockchain assets, and crypto tokens, while providing user authentication and identity validation services.
Another description calls it “downloadable computer software” designed for “e-commerce”, including ordering and purchasing goods and services. Once again, it makes mention of “validating cryptocurrency transactions using blockchain technology,” and even serving as a cryptocurrency wallet.
Meta only recently abandoned work on its digital wallet NOVI, alongside its multi-year stablecoin project Diem. Many of its former developers fled towards other blockchain projects shortly after, with the former head recently announcing a shift to Bitcoin development.
However, Meta’s CEO Mark Zuckerberg maintains his fascination with the “metaverse” – a concept of virtual reality heavily supported by blockchain, cryptocurrencies, and NFTs. Nevertheless, the trademark filings for MetaPay make no mention...
|Former Meta Executive David Marcus Unveils Bitcoin-Focused Startup
David Marcus has announced the launch of a new company called Lightspark, which aims to expand on the utility and capabilities of Bitcoin. This comes months after he left Meta's cryptocurrency attempt - Diem - where he spearheaded the project.
Marcus announced the news in a tweet thread on Thursday (May 12, 2022), stating that the first step will be to form a team which would further explore the Lightning Network.
The ex-Meta executive said:
'Downturns are good moments to focus on building and creating value with mission-aligned people. We’re excited to dive into Lightning, learn more, and work alongside the community. We’ll share more about our work as we make progress!'
While there is no robust information about the new startup, Lightspark's first round is led by Andreessen Horowitz (a16z) and Paradigm. Other investors participating in the event include Ribbit Capital, Thrive Capital, Zeev Ventures, Felix Capital, among others.
According to TechCrunch, Marcus will serve as the company's CEO, with some former Meta crypto members occupying executive positions.
Marcus was one of the co-creators of the Meta's Diem project (formerly Libra) and was in charge of the Calibra digital wallet. He previously served as PayPal's president, and was also in charge of Facebook Messenger.
In November 2021, Marcus announced that he would leave Meta, after spending seven years at the company. Shortly after, the company disassembled the Diem initiative, which is now trying to g...
|Dfinity Sues Meta for Trademark Registration of a Logo Similar to Theirs
On April 29, Dfinity — a not-for-profit organization that develops the Internet Computer protocol— filed a lawsuit in California against Meta Platforms, claiming that the company was using a logo way too similar to its own to attract customers to its new centralized metaverse.
As per Dfinity, the company's trademark is represented by an 'infinity symbol,' which was registered on October 9, 2018, at the United States Patent and Trademark Office ('USPTO').
Two Trademarks Fight for Brand Recognition.
Dfinity's lawsuit relies on the international classifications under which the company was registered, as these collide with those of Meta. Dfinity obtained the trademark registration for providing blockchain technology services and decentralized platforms.
In addition, Dfinity noted that the color palette 'is not claimed as a feature of the mark, and thus Dfinity's ownership extends to color variations.'
Dfinity even emphasized that its logo has been used on its website since March 2017, while Meta (formerly known as Facebook) registered its logo in March 2022.
Meta Knows What It's Doing
According to Dfinity, Meta is aware of the resemblance to its trademark. Yet, Meta claims its design is just 'a geometric design consisting of two loops,' so it opted to continue with its applications to obtain an operating registration similar to Dfinity.
As a consequence, Dfinity is suing Meta, alleging that they have already obtained the trademark registration to offer...
|Meta to Launch Retail Store for the Metaverse
As it eyes to transform itself into a metaverse leader, Facebook owner - Meta Platforms - is all set to launch its first physical store. The company's CEO, Mark Zuckerberg, revealed that the brick-and-mortar 'Meta Store' will open on May 9 at the company's Burlingame campus in California. Here, customers can explore and purchase virtual reality headsets and other gadgets in a 1,550-square-foot retail place.
Brick-and-Mortar Store for Metaverse
According to Zuckerberg's Facebook post, the store will also showcase demos for its Quest 2 VR headset, a virtual reality headset developed by Reality Labs, and video calling device Portal, in addition to smart glasses it produces with Ray-Ban. Except for those, shoppers can try out the devices to experiment with AR/VR and purchase them in the store or later online at Meta's or Ray-Ban's website.
The tech billionaire said,
'Meta's first store is opening in Burlingame, California on May 9! You can experience Quest 2 and project what you're experiencing onto a big wall for your friends. It's a great way to see how our products connect people today and get a sense for what's coming as we build towards the metaverse.'
Meta is trying new initiatives to meet the headwinds of an evolving digital landscape. The company had lost $10 billion on its Reality Labs segment managing the metaverse initiatives. Despite this, Zuckerberg intends to focus on the same and expects its ambitious metaverse project would take at least a decade or more to be ful...
|Bored Apes Yacht Club Reveals Date for Otherside Meta Project, APE Soars...
Yuga Labs - the team behind the Bored Apes Yacht Club - has revealed the date for the much-anticipated Otherside project and has also confirmed that APE coin will be the official means of payment.
In a tweet from April 23rd, the team behind the Bored Apes Yacht Club confirmed that their much-anticipated Otherside project will launch at the end of the month - on April 31st.
The adventure begins. Otherside. 4/30, 12pm ET.
P.S. Otherside Discord is open: https://t.co/ZPj7nbyBePhttps://t.co/jL61iSy97d
— OthersideMeta (@OthersideMeta) April 23, 2022
The animation for Otherside has been circling the internet for quite some time now, revealing that there will potentially be one more series of characters joining the club - Koda.
In addition, users anticipate that the Otherside Meta project will constitute the sale of virtual land that will only be purchasable with BAYC's native ecosystem coin - APE.
There have been leaks about Otherside all throughout the past week, which is perhaps the reason for APE's massive surge in price, despite the sideways and choppy conditions on the broader crypto market.
At the time of this writing, APE is trading at $16.30, up a whopping 40% over the past seven days.
It's currently the 35th-largest cryptocurrency by means of total market capitalization and the most considerable gainer for the week.
Chart by TradingView
|Meta Opens Monetization Options to Users of Horizon Worlds
Meta, the company formerly known as Facebook, is now launching a pilot project that will let users in Horizon Worlds, its VR metaverse platform, monetize their creations. This pilot will allow a number of users to collect payments for access to their created environments, or for virtual items sold in these worlds. Meta will also take a cut from the sales, which could reportedly be up to 50% of the price.
Meta Launches Horizon Worlds Monetization Program
Meta is starting to take the reach of Horizon Worlds, its flagship VR metaverse experience, more seriously. After the December 2021 launch, and experiencing significant growth with its userbase growing tenfold in just three months, Meta has decided to embark on a monetization path for the experience. Horizon Worlds had reached a milestone of 300K monthly active users in February with more than 10K worlds being created at that time, but it had still not set up means for profiting from this growth.
The company is now launching a pilot program that will allow some creators on the platform to sell virtual items or to collect payments for access to their experiences. The company did not offer a definitive number on how many creators will be included in this first stage, only saying there will be a 'handful.' The idea is to implement an open market where all users can benefit from user-generated content availability.
Naturally, Meta is not going to open these options without taking a cut of the sa...
|Meta Reportedly Plans to Create an In-App Token For its Metaverse
Meta, the company behind Facebook, is reportedly trying to develop its own token - not a cryptocurrency - to support its ambition of connecting users through the Metaverse. More tokens may be developed to facilitate the realization of the project, the report outlined.
The newly explored token is like ROBUX for another metaverse Roblox reported the Financial Times.
A metaverse-specific currency, which is in the early planning stages, has been nicknamed 'Zuck Bucks' by employees, according to the paper.
This new development is designed to attract users and create new revenue streams, counteracting the impact of Facebook and Instagram recently declining in popularity.
Citing company memos and anonymous sources, the paper also indicates the giant's plan of launching different types of tokens within the Meta's universe, including social tokens, reputation tokens, and creator coins that would reward users' contributions and connect influencers closer to their followers.
Since the future regarding the token still remains unclear, Meta intends to launch a trial program of posting, creating and sharing NFTs on Facebook by mid-May.
Mark Zuckerberg, the CEO of Meta, confirmed last month that Meta would bring NFTs to Instagram in 'the near term'. Users can expectedly mint NFTs on the platform.
Back in 2019, Meta tapped into the race of developing its own cryptocurrency, the Diem stablecoin. After a series of problems and concerns about financial stability the violation of user privacy, ...
|Bring your inner Racing Passion to Life in the Metaverse Reality with Me...
The NFTs, known as the best digital assets, have taken the world by storm in a very short time. The inception of the innovational NFT concept in the blockchain industry has started grabbing mainstream attention lately. According to several recent articles, giant conglomerates have actively entered or are ready to enter the NFT industry, preparing for the future i.e. Metaverse.
The world has witnessed tons of NFTs but a brand new, world’s first sensational concept of Sports Car Racing in Metaverse is about to change the whole experience of the NFT market.
Created by the great minds on earth, with an extreme desire and passionate hearts for racing. Our state-of-the-art open-wheel single-seater F1 auto racing cars are extraordinarily astonishing and introduced for the first time ever in the NFT industry.
A collection of 10,250 ultra-unique racing masterpieces that are inspired by the world-famous Formula One. Get ready to experience different kinds of Metaverse realities at Meta F1 Club. Our holders can entertain themselves with spectacular multimap racing events in the Metaverse, compete with others, and win like a real-life championship.
Meta F1 Club Presale Race starts on April 19th at 0.35 ETH followed by Public Sale on April 20th and 21st at 0.4 ETH. We highly encourage everyone to get whitelisted as spots are limited and will fill up quickly. Floor price expectations are around 16 ETH in a short time due to the uniqueness of this project.
Meta F1 Club NFTs will be mi...
|Meta Brings Metaverse-Like 3D Ads to Facebook and Instagram
Meta is bringing interactive 3D ads to Facebook and Instagram feeds, inspired by the metaverse pivot the company has begun to execute since its name change. This is possible due to a new integration in Meta's AR (Augmented Reality) publishing library with a development from a company called Vntana.
Vntana Integrates 3D Ads in Meta's Apps
Publishers will now be able to include 3D models in their ads on platforms like Facebook and Instagram, that belong to Meta. This innovation will allow any publisher to include these metaverse-inspired ads in the feeds the platforms, with users being able to interact with the objects. The innovation was presented by a company called Vntana, which acts as a service provider so other companies can include their 3D assets in social feeds.
According to a press release issued by the company, Vntana has exclusive access to Meta's AR API to integrate their services to be able to achieve this goal. 'Just like regular ads, 3D ads appear in users' Facebook and Instagram feeds displaying interactive 3D models that users can tap and interact with – moving the product around to view all angles,' the release details.
This innovation might be part of the first monetization strategies that include metaverse-like elements in Meta-owned platforms. On this, Ashley Crowder, co-founder and CEO of Vntana, stated:
3D and AR technology in online ads is the next frontier for brands looking to con...
|Facebook Owner Meta Files 8 Trademark Applications Covering Metaverse, C...
Meta Inc., formerly Facebook, has filed eight trademark applications relating to a wide range of crypto services and the metaverse. They include cryptocurrencies, crypto trading, blockchain software, crypto wallets, and crypto exchanges.
Meta's Trademark Filings Cover a Range of Crypto Services and the Metaverse
Facebook owner Meta has filed eight new trademark applications with the United States Patent and Trademark Office (USPTO) for its logo covering a range of crypto-related products and services.
A USPTO-licensed trademark attorney, Mike Kondoudis, tweeted Wednesday explaining that the applications (serial numbers: 97320155, 97320153, 97320149, 97320147, 97320146, 97320144, 97320140, and 97320136) were filed on March 18. They cover a wide range of crypto-related products and services including crypto tokens, cryptocurrencies, blockchain software, crypto exchanges, and crypto trading.
Kondoudis described Meta's applications as a blueprint for how the company intends to engage in the metaverse, Bloomberg reported.
'The goods and services of those applications extended far beyond just the run-of-the-mill NFT [non-fungible tokens] and metaverse products that a lot of applications include,' the attorney was quoted as saying. He elaborated:
Only a company that has this size of scale and has a hand in the evolution and development of the metaverse can possibly plan on doing everything in these applications.
A growing number of large corporations have made a similar move, incl...
|Litedex Protocol, the First DEX in Indonesia Supported by Deputy Ministe...
PRESS RELEASE. INTERNET CITY, DUBAI, Mar. 20th, 2022 – LBank Exchange, a global digital asset trading platform, will list Litedex (LDX) on March 23, 2022. For all users of LBank Exchange, the LDX/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on March 23, 2022.
Decentralized Exchange (DEX) Protocol is a blockchain-based financial system designed to provide an open financial service that is transparent without intermediaries, permissions and available to everyone without a centralized authority. As a decentralized exchange protocol, Litedex (LDX) aims to adopt the world's most popular blockchains including BSC, ETH, HECO, Polygon, Tron, Polkadot, and Solana, providing products and services such as Swap, Staking, Farming, Analytics, Lending, Borrowing, NFT, and Bridge. Its native token LDX will be listed on LBank Exchange at 16:00 (UTC+8) on March 23, 2022, to further expand its global reach and help it achieve its vision.
Introducing Litedex Protocol
Litedex Protocol is the first Decentralized Exchange Platform in Indonesia that carries the Meta Finance concept. Litedex Protocol with homepage http://litedex.io develops various projects that are favorites of investors, such as Staking, Farming, Swap, Pool, Lending, Borrowing, NFT Marketplace, and Bridge features.
Litedex Protocol has the ambition to adopt multiple Blockchains, such as BSC, Ethereum, Solana, Avax, and several other globally popular Blockchains. This strategy is very important ...
|Facebook Owner Meta Sued for Publishing Scam Crypto Ads by Australian Re...
The Australian Competition and Consumer Commission has filed a lawsuit against Meta, formerly Facebook, for 'publishing scam advertisements featuring prominent Australian public figures.' The regulator said, 'The essence of our case is that Meta is responsible for these ads that it publishes on its platform.'
Meta Sued for Publishing Cryptocurrency Scam Ads
The Australian Competition & Consumer Commission (ACCC) announced Friday that it has taken legal action against Meta Platforms Inc. (formerly Facebook) and Meta Platforms Ireland Ltd.
Australia's competition regulator alleges that the companies 'engaged in false, misleading or deceptive conduct by publishing scam advertisements featuring prominent Australian public figures' on Facebook.
The ACCC alleges Meta's conduct 'was in breach of the Australian Consumer Law (ACL) or the Australian Securities and Investments Commission Act (ASIC Act).' In addition, the regulator noted:
It is also alleged that Meta aided and abetted or was knowingly concerned in false or misleading conduct and representations by the advertisers.
The ACCC explained that the ads 'promoted investment in cryptocurrency or money-making schemes.' They featured well-known people, such as 'businessman Dick Smith, TV presenter David Koch and former NSW Premier Mike Baird,' the ACCC noted, adding that Facebook users were led to believe these scams were genuinely associated with these celebrities.
ACCC Chair Rod Sims said:
The essence of our case is that Meta is...
|Australian Regulator Takes Meta to Court for Publishing Scam Crypto Adds
The Australian Competition and Consumer Commission (ACCC) instituted Federal Court proceedings against Meta Platforms (formerly Facebook) for featuring misleading and deceptive cryptocurrency advertisements. The watchdog informed that one of the victims lost nearly $500,000 due to the fraud.
The ACCC vs. Meta
The Australian regulator vowed to sue Meta for promoting fraudulent investment and money-making schemes involving cryptocurrencies on its platform. The scams appeared to be prompted by well-known people such as Dick Smith, TV personality David Koch, and former politician Mike Baird, who presented digital asset opportunities to users. However, those people had never approved or endorsed similar campaigns.
The ads contained links that took Meta users to a fake media article. Those were then invited to sign up for a money-making scheme involving digital assets. The ACCC insisted that bad actors used high-pressure tactics like numerous phone calls to convince victims to deposit funds into the dubious project.
“The essence of our case is that Meta is responsible for these ads that it publishes on its platform,” Rod Sims – Chair of the watchdog stated.
According to the accusations, Meta was aware of the celebrity endorsement cryptocurrency scam ads. However, it did not take measures to address and prevent the issue:
“Meta should have been doing more to detect and then remove false or misleading ads on Facebook, to prevent consumers from falling victim t...
|Instagram Is Working on Bringing NFTs to the Platform in the 'Near...
In December 2021, the CEO of Instagram, Adam Mosseri, discussed how the firm was looking into non-fungible token (NFT) technology during an ask-me-anything (AMA) session. Three months later, at the South by Southwest (SXSW) event in Texas, Meta's CEO Mark Zuckerberg explained Instagram plans to introduce NFTs in the 'near term.'Meta CEO Hints NFT Features Are Coming to Instagram
It seems NFTs are coming to Instagram soon, according to statements from Meta's CEO Mark Zuckerberg at SXSW this week. Zuckerberg spoke with Shark Tank's Daymond John at the event, and he explained that Instagram users will be able to mint NFTs as well.
News concerning Instagram's venture into the NFT world originally stemmed from the company's CEO ,Adam Mosseri, during an AMA. Furthermore, the news publication the Financial Times (FT) spoke with unnamed sources familiar with the matter at the end of January 2022.
FT's report quotes the unnamed sources who said both Meta and Instagram are conversing about 'launching a marketplace for users to buy and sell NFTs.' Zuckerberg's details to the Shark Tank co-star indicate the launch might be sooner than most think. While the Meta CEO did not share many details, he said: 'We are working on bringing NFTs to Instagram in the near term.' Zuckerberg added:
I'm not ready to announce exactly what that's going to be today, but, over the next several months, the ability to bring some of your NFTs in, and hopefully over time be able to mint things within that enviro...
|Meta Triads Launches High Utility NFT Uniting 3 Worlds
[PRESS RELEASE - Please Read Disclaimer]
Most people do not have a slightest idea what or who owns the future, but if we closely examine the recent trends, we could confidently say that the future is digital.
As of now, “digital” is predominantly occupied by NFTs, cryptos, and various other types of tokens. What stands out in the sea of digital novelties is the utility NFT. Evolving from their gimmicky counterparts, utility NFTs are more than just artworks, they offer various benefits and IRL advantages including exclusive memberships, access to fun events, products, and even stable dividends in the form of cryptocurrencies - for just being the owner!
The skeptics might fire back with various arguments regarding the problematic nature of non-fungible tokens and blockchain in general, but this is not a projection, you can view, research, and thoroughly check one of the most popular NFTs on the market here:
As you can see, the rise of utility NFTs drastically uprooted the market: From gimmicky art marketplace to revolutionary means to trade infinite amounts of digital goods; Some with physical benefits.
But let’s stop discussing the past and have a glimpse into the future. Maybe something that hasn’t been done before?
The team behind the newly announced NFT project on Twitter Meta Triads are on their way to delve into uncharted waters: They are aiming to launch high utility NFT in marketplaces of 3 known worlds (Real World, Augmented reality, and Metaver...