Facebook Users May Soon Get to Have 5 Profiles at Once
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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...
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...
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...
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...
Nigeria Announces New Regulations for Facebook, Twitter & Other Platforms
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South Korean government becomes an early investor in metaverse
South Korea, a nation known for its strict crypto regulatory stance, is betting big on the metaverse. The government will invest over 223.7 billion won ($177.1 million) directly in various metaverse projects. The decision to invest in the nascent metaverse tech makes South Korea one of the first national governments to do so. The investment came under the ‘Digital New Deal’ program set up to invest in emerging technologies. The program is headed by the country’s science and information and communication technologies ministry led by Lim Hyesook. Hyesook called the metaverse “an uncharted digital continent with indefinite potential,” indicating the government’s interest in taking lead in the metaverse tech. The national fund would be first utilized to build a metropolitan level metaverse pla...
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’...
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...
Meta trademark filing hints at plans for crypto payments platform
Social media giant Facebook’s parent company, Meta, may be planning to launch a payments platform with support for cryptocurrency. According to records submitted to the United States Patent and Trademark Office, or USPTO, on May 13, Meta filed five applications for its namesake to be used in a platform called Meta Pay. The filings included Meta’s name for use in a “online social networking service for investors allowing financial trades and exchange of digital currency, virtual currency, cryptocurrency, digital and blockchain assets, digitized assets, digital tokens, crypto tokens and utility tokens.” Meta Platforms Inc. (i.e. Facebook) has filed 5 new trademark applications for: “META PAY” The filings indicate that @Meta plans to launch a payment platform called &#...
Polygon reaches level that last time triggered a 275% MATIC price rally — will history repeat?
Polygon (MATIC) price reversed course to the upside on May 10 after testing $0.794 as its interim support, thus rising by up to 25% to $0.99. The rebound occurred a day after the token slumped over 17% to reach $0.787, its lowest level since July 2021, amid a global market crash led by the U.S. Federal Reserve’s hawkish policies. MATIC price rebounded after undergoing five days of relentless declines, attracting buyers around the same support level that had preceded a 275% bull run last year. MATIC/USD weekly price chart. Source: TradingView A previous retest of the $0.787-level in July 2021 and the 0.786 Fib line (near $0.61) of the Fibonacci retracement graph — drawn from the $0.002-swing low to 2.86-swing high — followed up with MATIC rising to its record high of $3...
