wp-plugin-hostgator domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114ol-scrapes domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source: https:\/\/www.theverge.com\/2022\/4\/6\/23013896\/meta-facebook-zuck-bucks-finance-financial-services-products<\/a> Meta may have given up on its Diem cryptocurrency<\/a>, but the company is still exploring finance products, according to a new Financial Times<\/em> report<\/a>. The parent company of Facebook and Instagram reportedly has a few irons in the fire, including virtual currency employees have apparently taken to calling \u201cZuck Bucks.\u201d<\/p>\n Zuck Bucks, seemingly named for Meta founder, chairman, and CEO Mark Zuckerberg, are \u201cunlikely\u201d to be a cryptocurrency. \u201cInstead, Meta is leaning towards introducing in-app tokens that would be centrally controlled by the company, similar to those used in gaming apps such as the Robux currency in popular children\u2019s game Roblox,\u201d <\/em>according to the FT<\/em>. Roblox<\/em> has built a huge business<\/a> selling Robux, and Meta could try to emulate some of that success on its own platforms. <\/p>\n Meta hasn\u2019t totally distanced itself from blockchain products, as the company is also looking into posting and sharing NFTs on Facebook. The FT<\/em> says the company plans to launch a pilot for doing just that in mid-May, according to a memo, and soon after, Meta will test allowing \u201cmembership of Facebook groups based on NFT ownership and another for minting\u201d NFTs. The FT<\/em> previously reported on<\/a> some of Meta\u2019s NFT plans for Facebook and Instagram in January<\/a>, and Zuckerberg announced in March that NFTs would be coming to Instagram<\/a>.<\/p>\n In addition, Meta is exploring \u201csocial tokens\u201d or \u201creputation tokens,\u201d which \u201ccould be issued as rewards for meaningful contributions in Facebook groups, for example,\u201d the FT<\/em> reports. The company is also apparently looking into traditional financial services like small business loans. <\/p>\n \u201cWe have no updates to share today,\u201d Meta spokesperson Lauren Dickson said in a statement to The Verge<\/em>. \u201cWe 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.\u201d<\/p>\n We\u2019ll have to wait and see how Zuck Bucks or other rumored projects pan out and if they can help Meta overcome some of its recent troubles<\/a>. But one high-profile person appears to be a big fan of Facebook\u2019s plans: former Twitter CEO Jack Dorsey<\/a>.<\/p>\n insanely great\u2122\ufe0f<\/p>\n (please let this be real)<\/p>\n \u2014 jack\u26a1\ufe0f (@jack) April 6, 2022<\/a>\n<\/p><\/blockquote>\n<\/div>\n<\/div>\n
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