Metaverse (META) News

Despite how the digital asset market has suffered amid the decline in the BTC, as well as the depreciation of LUNA and UST, some tech giants do not even think to pause in the implementation of their crypto plans. So, the other day, the media began to actively discuss applications that Meta's...

Meta intends to charge a 47.5% commission on sales of digital goods in the Horizon Worlds metaverse. The reward structure includes a 30% fee towards the Meta Quest Store for VR headsets and a 17.5% fee for Horizon Worlds. On April 11, the corporation announced that it had opened the ability for...

The so-called "whistleblower" Facebook Francis Haugen gave an interview to the popular publication Politico. In a conversation with reporters, a former employee of the social network expressed concern about Meta's inclusion in the metaverse. Haugen became famous all over the world when,...

Facebook and Instagram parent company Meta plans to launch virtual currencies in its app after the stablecoin project Diem shut down, not getting the approval of financial regulators. While competition between social media platforms increases, Meta is looking for alternative revenue sources and new...

Commonwealth statutory authority, The Australian Competition and Consumer Commission announced suing Facebook parent company Meta for supposedly allowing misleading crypto ads on FB. ACCC claims that the platform is involved in misleading actions by publishing scam ads that feature popular...

Texas Attorney General Ken Paxton has filed a civil lawsuit against Meta for collecting biometric data from millions of Texans without their informed consent. Paxton said Facebook's facial recognition system ignored state laws that prohibit the collection and sharing of Texans' biometric...

The other day, former Twitter CEO and now Block founder Jack Dorsey discussed the failure of the tech giant Meta with Michael Saylor, the head of the well-known American business intelligence company MicroStrategy. In the conversation, Dorsey noted that a successful, promising company like Meta, as...

Meta lost almost 25% of its capitalization in the post-trade session following the release of its Q4 2021 report. Investors were shocked by EPS ($3.67) and the forecast for revenue in January-March ($27 billion-$29 billion) below market expectations of $3.84 and $30 billion, respectively. The...

Crypto Open Patent Alliance announced welcoming Meta onboard, saying the step is the biggest commitment to patent non-aggression till today. COPA is a non-profit community, formed in September 2020 by Jack Dorsey's Square company. It has a mission to make technology on crypto accessible for all...

Meta's stablecoin project Diem, initially called Libra, is shutting down. According to a report by Wall Street Journal, a person familiar with the subject said that the Diem Association is selling the technology to California-based bank Silvergate Capital for $200 M. Silvergate Capital agreed to...

Meta, the parent company of Facebook, Instagram, and other entities, aims to provide users the possibility to create and trade NFTs. An article, published by Financial Times, informs that Facebook, and Instagram are working to enable users to put their NFTs on view through their profiles. Persons...

The next CTO of Meta, the parent company of Facebook, Andrew Bosworth, plans to build extended interoperability between the firm and blockchain protocols. As per a report by the NY Times, the source of which is an internal message from the executive, Meta is exploring possibilities to partner with...

Meta's Novi wallet will allow transferring money via the popular communication app WhatsApp. As VP of product at Novi, Stephane Kasriel revealed, the feature becomes available today (Dec. 9) for a certain number of users in the USA. The executive said, sending money will be as simple as a message. ...

Tech giant Meta, the parent company of Facebook, Instagram, Messenger, WhatsApp, and others, published an ad policy update, according to which running crypto ads on the platform becomes easier. To do so, the company has increased the number of regulatory licenses it accepts from 3 to 27. On the...