Meta is set to create new tokens for its metaverse, with staffers referring to them as Zuck Bucks, sources have told the Financial Times.
The company is also exploring the launch of creator tokens for influencers on Instagram and reputation tokens for meaningful contributions on its platforms.
Meta Platforms Inc., the parent company of Facebook, may have shut down its Diem stablecoin project, but it’s not giving up on a chance to join the token economy any time soon. According to sources familiar with the matter, the company is set to launch its own tokens for the metaverse, with Facebook staff referring to the tokens as ‘Zuck Bucks.’
Meta Financial Technologies, the financial arm of the social media behemoth, has been in charge of the company’s foray into the world of token creation, sources told the Financial Times.
Zuck Bucks will most likely not be cryptocurrencies based on the blockchain. Rather, Meta is currently leaning towards introducing in-app tokens that would be
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