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Facebook Metaverse Could Embarrass Zuckerberg
Facebook has a new product in the works: a virtual currency for the Metaverse. It’s an interesting move and one that could embarrass Zuckerberg. But it’s also an important step in its effort to diversify its revenue sources and create more products, such as Facebook Pay. The name change from Facebook to Meta suggests that Facebook has plans to create its own metaverse and move away from the open ones.
Facebook’s metaverse will be open and interoperable, and it will be built on blockchain technology. This means that it will work with NFT assets built on public blockchain platforms, including cryptocurrencies. Facebook has a lot of time and money to spend, and the company wants to ensure that this project succeeds.
Users can buy virtual land and earn money by playing games on blockchain-based apps. Metaverses like Decentraland and Axie Infinity are popular platforms for such games. They have built huge communities and already attracted the attention of larger companies. To learn more about Metaverse, check out the links below.
In the near future, the Metaverse will be driven by entrepreneurs who create content and services, and monetize them efficiently. For instance, online cinemas can issue non-fungible tokens for movie viewing rights. Other services could include virtual passes for events, closed clubs, and even another planet.