Meta to move forward with cryptocurrencies for its apps!

  • Meta Platforms Inc is preparing to introduce virtual tokens and cryptocurrencies to its family of apps, with the goal of rewarding creators with such virtual tokens.

  • The emphasis is on services centered on the metaverse, which is a virtual environment in which people interact, work, and play.

  • Meta's cryptocurrencies, dubbed "Zuck Bucks" internally, are intended for the metaverse and may or may not be based on blockchain.

  • Meta became a member of the Crypto Open Patent Alliance (COPA), a group of companies led by Jack Dorsey's Block Inc that has pledged to promote open access to cryptocurrency technologies.

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