Meta is probably working on a new NFT token called “Zuck Bucks”

According to the latest report from the Financial Times website, Meta seems to have stopped offering its digital currency called Diem. However, the company is still not involved in the financial sphere and intends to offer its non-exchangeable token (NFT) to its users under a different name. It is said that the parent company of Facebook and Instagram is working on the NFT of its company called "Zuck Bucks".

BingMag.com Meta is probably working on a new NFT token called “Zuck Bucks”

According to the latest report from the Financial Times website, Meta seems to have stopped offering its digital currency called Diem. However, the company is still not involved in the financial sphere and intends to offer its non-exchangeable token (NFT) to its users under a different name. It is said that the parent company of Facebook and Instagram is working on the NFT of its company called "Zuck Bucks".

  • Facebook for the first time announced a decrease in the number of daily active users
  • BingMag.com Meta is probably working on a new NFT token called “Zuck Bucks”

    There have been many rumors over the past week that Meta is working on its NFT token, but a company spokesman said in a recent speech that it was just focusing on Put the Metavars project. It is unclear what the meta will do for Zuck Bucks tokens. "Irreplaceable tokens" are actually digital assets. The term "irreplaceable" means that this asset (effect) is unique and cannot be exchanged for other examples of its kind.

    For example, currency tokens are a replaceable asset that you can use. Replace them with another sample. There are many concerns about counterfeiting NFTs. But if big companies take this seriously, at least on their platforms, users will buy and sell NFTs with less concern. Meta CEO Mark Zuckerberg has previously announced that Instagram will soon be hosting the NFTs. This relationship did not provide much information, but it seems that in this popular platform, users will soon be able to display their NFTs and also in this environment can buy and sell NFTs. Adam Moseri, CEO of Instagram, also mentioned that a professional team is focusing on adding NFTs to the social network so that users can display NFTs in their profile picture and even create NFTs. And buy and sell it. A number of meta executives have also expressed interest in adding NFT capability to their platforms. It remains to be seen what other news about meta tokens will be published in the news media in the coming days.

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    Source: TheVerge

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