Meta
Epidemic Sound Sues Meta For $142M, Says Instagram and Facebook Stole Hundreds Of Songs
Meta Platforms Inc. is facing a lawsuit that claims its Facebook and Instagram platforms “intentionally and brazenly” stole hundreds of songs from Swedish production music label Epidemic Sound, encouraging their users to upload more than 50,000 infringing videos every day. Repped by attorneys at the top music law firm Pryor Cashman, Epidemic says the social media giant is offering nearly 1,000 of the label’s songs through its “Music Library” for users to add to their video uploads, but that Meta has refused to secure copyright licenses for that music — and has ignored the company’s repeated demands that it do so. “Perhaps Meta is hoping to get away with it for as long as possible,” Epidemic’s lawyers wrote in a complaint filed Wednesday (July 20) in San Francisco federal court. “Perhaps Me...
Did Mark Zuckerberg’s Meta Steal Another Company’s Name?
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Time to accumulate? 5 sectors to watch during crypto winter
It’s weird to think that anyone could look forward to downturns in the crypto market, but that is precisely the position held by many developers and project creators who enjoy the low-pressure environment that exists during a bear market. As the saying goes, bear markets are for building, and now is one of the best times to survey the landscape to see which sectors of the market are most active in designing the platforms that will soar to new heights in the next bull cycle. Here’s a look at five sectors of the blockchain ecosystem that may present some of the best opportunities for accumulation while prices are low and demand is non-existent. Layer-1 protocols Layer-1 (L1) protocols like Bitcoin (BTC) and Ethereum (ETH) form the foundation that much of the cryptocurrency ecosystem is...
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...
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
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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...
