Meta
Meta’s $10B Loss in Metaverse Business Sending Ripple Effect Across Sectors
Metaverse-related tokens took a hit in the past two days as Meta (formerly Facebook) reported a $10 billion loss on its augmented and virtual reality (VR) division in an earnings release earlier this week. How does the setback in Meta’s metaverse strategy impact the market perception of other digital worlds? “The Hash” panel weighs in.
The Sandbox Co-Founder Says Meta Acquisition Rumor Is 'Totally Fake'
Responding to swirling speculations Meta (formerly Facebook) is acquiring The Sandbox, co-founder and COO of the metaverse startup Sebastien Borget says "it's totally fake," adding, "I hope it will never be happening." Plus, his thoughts on what Meta is getting wrong about its metaverse plans and the wider race among tech giants to dominate metaverse technology.
Where Is Diem Creator David Marcus Headed Next?
David Marcus, co-founder of the Diem project (formerly Libra) originally launched from Meta (formerly Facebook), tweeted Tuesday, predicting that bitcoin will be the No. 1 asset in the next 20 years, while the No. 2 asset is yet to be determined. This comes as Silvergate Bank confirmed Monday Diem is shutting down.
Meta Joins Block’s Crypto Open Patent Alliance as Diem Reportedly Winds Down
Meta (formerly Facebook) is joining the Crypto Open Patent Alliance (COPA), a consortium of tech and crypto companies led by Jack Dorsey’s payments company, Block (formerly Square). This comes as Meta winds down its Diem project, reportedly selling its intellectual property to Silvergate Bank for $200 million to pay back investors.
Meta-Led Diem Now Considering Sale of Assets Amid Increasing Regulatory Pressure
The Diem Association, the Meta Platforms (formerly Facebook)-led group seeking to create a stablecoin, is allegedly considering selling the project's assets to return money to investors. This comes as regulatory pressures have stalled Diem since its conception in 2019. "The Hash" group reflects on Diem and the regulatory lessons to be learned.
Instagram Disabled Artist's @Metaverse Handle Days After Facebook Rebranded to Meta
Days after Facebook announced its corporate name would become Meta, an artist's Instagram account with the username "@metaverse" was blocked and later reinstated. "The Hash" squad unpacks the latest story calling for the need for actual ownership in Web 3 amid ongoing trademark battles in centralized social media.
Meta’s WhatsApp to Trial Novi Digital Wallet
Meta, formerly Facebook, is launching a limited trial of its Novi digital wallet within its WhatsApp messaging platform. This follows a U.S.-Guatemala remittance pilot with USDP and the Novi wallet launched in October. “The Hash” panel discusses the latest integration between WhatsApp and Meta’s crypto efforts.
Meta Builds Tool to Fight Revenge Porn Using Unique Digital Fingerprints
Meta, the parent organization of Facebook, has teamed up with the U.K.-based nonprofit Revenge Porn Helpline to stop the spread of non-consensual intimate images via a “hash-matching technology.” “The Hash” squad discusses how it works and the possible repercussions for user privacy.
Metaverse Startup The Sandbox Co-Founder on Business Model, Expansion Plan and Facebook Competition
On the heels of closing a $93 million Series B funding round led by SoftBank earlier this month, metaverse startup The Sandbox Co-founder and COO Sebastien Borget discusses whether Meta, formerly Facebook, is a potential threat to the future of Web 3. Plus, insights into the advantages of owning decentralized, NFT-based virtual real estate and the launch of The Sandbox Alpha.
Could Facebook’s Metaverse Be a Threat to Crypto?
Meta, formerly Facebook, wants to get into NFTs and build out a Metaverse. Could this be a threat to crypto’s flourishing decentralized communities? Co-founder and Executive Chairman at Blockchain Research Institute Don Tapscott discusses Facebook’s Metaverse ambitions as it delves further into the virtual world, blockchain’s use cases, and more.
