The metaverse train just keeps gathering steam. Here are just a few of the many new developments taking place in this fast-moving space as the week wraps up: ____ Learn more: – Metaverse Spurs USD 100M In Weekly Land Plot NFT Sales- Metaverse is a ‘Massive, Massive Opportunity’ for Crypto – BofA Strategist… Read…
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Novi, the remittance and payments initiative of Meta (formerly Facebook), has launched a Whatsapp pilot test for customers in the U.S. This means that a small number of Whatsapp users will be able to send and receive payments, as well as purchase digital dollars directly from the interface of the messaging service. This is an…
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“We believe fundamental limitations in existing crypto infrastructure are frustrating broader adoption of Web 3.0,” said Mysten’s team, citing the scalability of existing chains as well as the lack of interoperability of many smart contracts. Mysten Labs, the research and development firm founded by former engineers from social media giant Facebook, has announced the completion…
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Denmark’s Saxo Bank has released a set of 10 “outrageous predictions” for next year, among others forecasting that digital rights platforms based on non fungible tokens (NFTs) have the potential to disrupt Spotify’s robust position in the global music distribution industry. The bank explains in a statement that its predictions focus on various unlikely…
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Meta, formerly Facebook, has relaxed its policy for cryptocurrency advertisements, making it easier for companies to run crypto ads on its platform. “We’re doing this because the cryptocurrency landscape has continued to mature and stabilize in recent years and has seen more government regulations that are setting clearer rules for their industry,” the company explained.…
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The demand for digital land in Meta (formerly Facebook)’s Metaverse are booming, with last week bringing USD 100m in non-fungible token (NFT) land sales, according to a recent report by dapp information provider DappRadar. The four leading virtual worlds, The Sandbox, Decentraland, CryptoVoxels, and Somnium Space, are reporting robust land sales. … Read More: Metaverse Spurs USD 100M In…
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Meta, the parent company of social media giants Facebook and Instagram, has recently updated its eligibility criteria for running crypto ads, adding a total of 24 more regulatory licenses to its list of accepted licenses. While the move marks progress in Facebook’s long-standing policy that barred crypto firms from running ads on its services,…
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Meta, the company formerly known as Facebook, has suffered another blow to its crypto plans after its head of blockchain and the co-creator of the Diem stablecoin project stepped down. On Twitter, David Marcus wrote that the decision to leave had been “difficult,” but that “my entrepreneurial DNA has been nudging me for too…
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The company said it will allow many more crypto and blockchain advertisements on Facebook and Instagram due to expanded eligibility terms. Social media and metaverse marketplace Meta has expanded eligibility requirements for running cryptocurrency advertisements on Facebook, giving companies more leeway to market digital asset product offerings. Meta announced Wednesday that, effective immediately, it will…
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In explaining his decision to leave Meta, David Marcus said that his entrepreneurial DNA had been nudging him “for too many mornings in a row to continue ignoring.” David Marcus, the head of Meta’s cryptocurrency and fintech unit Novi, will step down from his role by the end of 2021. Taking over from Marcus will…
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