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Nexudus - Tech Stack Lovers
Home News Tech

Meta Explores Currency for Virtual Experiences

Meta – the parent company of Facebook and Instagram - is reportedly looking into launching its own form of currency designed for virtual experiences.

Jo MeunierbyJo Meunier
April 7, 2022
in Tech
Reading Time: 1 min read
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Meta Explores Currency for Virtual Experiences

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There are various ways the metaverse could become entwined in the future of work. From immersive virtual meetings, to luxury designer wear, working in the digital world isn’t as far away as you might think. 

Now, Meta – the parent company of Facebook and Instagram – is reportedly looking into launching its own form of currency designed for virtual experiences. 

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‘Zuck Bucks’, seemingly named for Meta founder, chairman, and CEO Mark Zuckerberg, may take the form of in-app tokens, similar to those used in gaming apps. 

Reports suggest it’s unlikely to be a cryptocurrency. However, the company is also said to be looking into posting and sharing NFTs on Facebook. 

Meta is currently tightlipped. But who knows what might come next? 

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“We continuously consider new product innovations for people, businesses, and creators. As a company, we are focused on building for the metaverse and that includes what payments and financial services might look like,” Meta spokesperson Lauren Dickson said in a statement to The Verge. 

Source: The Verge
Tags: BusinessTechnology
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Jo Meunier

Jo Meunier

Jo is Allwork.Space's Senior Editor for the UK and Europe. Jo has worked within business centre and coworking circles since 2009, researching and contributing written features for numerous industry publications. She reports on the latest market news and delves into local issues with one main objective: to champion the flexible workspace industry and its members.

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