Meta
Meta signals closure of Novi wallet after a 10-month pilot
Meta’s first foray into the world of cryptocurrencies is set to end in September with the closure of its Novi wallet pilot project. Novi’s website landing page has been revamped to inform pilot users that the platform will be decommissioned on September 1. This ends an eight-month-long pilot project that saw users based in the United States and Guatemala participate in a trial of the cryptocurrency-powered payment platform. Users are directed to withdraw the remaining funds from their respective Novi wallets to their linked bank accounts. Guatemalan users can also withdraw holdings in cash at a select site in Guatemala City. Novi users are also encouraged to download their account information before the closure date, including transactions and activity on their accounts. From Sept. 1, user...
Does the Metaverse need blockchain to ensure widespread adoption?
Many assume, too, that blockchain technology will play a key role in the Metaverse, along with other emerging technologies such as artificial intelligence (AI) and virtual reality (VR). But, is the use of blockchain really a foregone conclusion? Stanford University professor Jeremy Bailenson recently moderated a World Economic Forum panel with some of the world’s leading thinkers of the Metaverse and blockchain. “The first question posed to the panel was ‘Do we need the blockchain for the metaverse?’” Bailenson, founder of Stanford’s Virtual Human Interaction Lab, recounted to Cointelegraph. “The consensus was that the Metaverse could exist without blockchain.” As an example, Bailenson offered up metaverse pioneer Second Life, founded in 2003, which has 70 million current registered accoun...
Does the Metaverse need blockchain to ensure widespread adoption?
Many assume, too, that blockchain technology will play a key role in the Metaverse, along with other emerging technologies such as artificial intelligence (AI) and virtual reality (VR). But, is the use of blockchain really a foregone conclusion? Stanford University professor Jeremy Bailenson recently moderated a World Economic Forum panel with some of the world’s leading thinkers of the Metaverse and blockchain. “The first question posed to the panel was ‘Do we need the blockchain for the metaverse?’” Bailenson, founder of Stanford’s Virtual Human Interaction Lab, recounted to Cointelegraph. “The consensus was that the Metaverse could exist without blockchain.” As an example, Bailenson offered up metaverse pioneer Second Life, founded in 2003, which has 70 million current registered accoun...
NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues
Facebook will support nonfungible tokens (NFTs) with a “digital collectibles” tab on creators’ timelines to display their work. Meta technical program manager Navdeep Singh displayed screenshots of NFTs and a creator’s page Thursday on Twitter. A spokesperson for Meta, the parent company of Facebook, told TechCrunch the same day that the rollout of NFTs on Facebook would be gradual, beginning with select creators in the United States. Eventually, NFT creators will be able to cross-post between Facebook and Instagram, another Meta property. Instagram is also testing NFTs in its Spark AR augmented reality platform. We’re launching NFTs on Facebook! Excited to share what I’ve been working on with the world. pic.twitter.com/TaV66zRanV — Navdeep Singh (@navdeep_ua) June 29, 20...
Mark Zuckerberg Officially Launches Meta Pay
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent.
Meta set to begin testing NFTs on Instagram Stories with Spark AR
Instagram’s parent company, Meta, announced Wednesday that it will begin testing NFTs on Instagram Stories using its augmented reality platform Spark AR. CEO Mark Zuckerberg said of the news, “We’re expanding our test so more creators around the world can display their NFTs on Instagram.” The company also stated in an announcement, “Creators and collectors will be able to share their digital collectibles across Facebook and Instagram after we begin rolling out the feature on Facebook with select US creators at a later date.” Zuckerberg also confirmed that Facebook is set to support NFTs in the future: “We’ll bring this feature to Facebook soon too — starting with a small group of US creators — so people can cross-post on Instagram and Facebook. ...
Yahoo launching Metaverse events for Hong Kong residents under restrictions
Yahoo has announced a series of Metaverse and NFT-related activities in Hong Kong, a day after Meta Platforms outlined its own metaverse plans for the region. Yahoo, a US-based internet media company, revealed that it will host a series of virtual events and concerts for Hong Kong residents in the Decentraland metaverse. According to Lorraine Cheung, the head of audience at Yahoo Hong Kong, the company sees the Metaverse as an attractive alternative for Hong Kong residents looking to engage in social activities while pandemic restrictions remain in force. On Thursday last week, a nation-wide mandate was introduced requiring that a negative Covid test be provided to enter all public venues such bars and restaurants. “We hope to use the Metaverse to connect people regardless of time and phys...
Meta Quest Rolls Soul Sessions For Juneteenth Weekend & Black Music Appreciation Month
HipHopWired Featured Video Source: Meta / Meta As Black Music Appreciation Month rolls on and Juneteenth looms ahead, artists new and established are back to showing off their talents. Meta Quest will add to the pot this coming weekend with Soul Sessions, featuring three dynamic performers. Soul Sessions Kicks Off On Juneteenth Weekend Soul Sessions is a new activation from the minds of Meta Quest, featuring Lucky Daye, UMI, and serpentwithfeet via a Juneteenth weekend showcase of vocal performances and interviews. Savvy music fans are probably well aware of St. Louis’ Daye, who won a Grammy Award this year for his EP, Table For Two. UMI, a native of Seattle, just released her major-label debut studio album this year in Forest in the City. Brooklyn by way of Baltimore vocalist serpentwithf...
Pride in the Metaverse: Blockchain tech creates new opportunities for LGBTQ+ people
A number of social gatherings have started to take place in the Metaverse as companies across the globe begin to understand the value that virtual interactive environments can have for consumers. It shouldn’t come as a surprise then that Pride Month — a month-long celebration held in June to commemorate the 1969 Stonewall Riots — will be celebrated in various metaverse environments this year. Pride in the Metaverse creates open access Akbar Hamid, co-founder of People of Crypto Lab (POC) — an innovation hub dedicated to increasing diversity and representation in Web3 — told Cointelegraph that the Metaverse is an incredible way to allow people around the world to partake in events they may not be allowed to participate in otherwise. “We want Pride Month 2022 to be an event anyone can ...
Facebook’s Longtime COO Sheryl Sandberg Steps Down
SAN FRANCISCO (AP) — Sheryl Sandberg, the No. 2 executive at Facebook owner Meta, is stepping down. Sandberg has served as chief operating officer at the social media giant for 14 years. She joined from Google in 2008, four years before Facebook went public. “When I took this job in 2008, I hoped I would be in this role for five years. Fourteen years later, it is time for me to write the next chapter of my life,” Sandberg wrote on her Facebook page Wednesday. Sandberg has led Facebook — now Meta’s — advertising business and was responsible for nurturing it from its infancy into an over $100 billion-a-year powerhouse. She’s leaving Meta in the fall and will continue to serve on the company’s board. Meta CEO Mark Zuckerberg said in his own Facebook post that Javier Olivan will serve as Meta’...
Meta to Ditch the “FB” Stock Ticker
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent.
Mark Zuckerberg Says the Metaverse will Come Costly
Mark Zuckerberg visits Meta’s first ever retail shop. Image sourced from Facebook (Mark Zuckerbeg). Mark Zuckerberg told shareholders on Wednesday that the metaverse project will bleed a lot of money and that some products will not be ready for 15 years. According to Business Insider, the Meta CEO told shareholders that he spent $10-billion on the idea of a virtual world in 2021 alone. “We want to get the hardware to be as affordable as possible for everyone, and make sure the digital economy grows,” Zuckerberg said. Meta currently has 10,000 employees working on the metaverse and wants to hire an additional 10,000 to work on the project. The giant company also announced that it is holding up on hiring, so the plans to push this project forward might be delayed further. Zuckerberg re...
