Meta Plans to Issue Centralized Digital Tokens

07.04.2022 20:38
by Artem Ustinov
1 min read

Meta Plans to Issue Centralized Digital Tokens

Meta (formerly Facebook) is considering creating centralized tokens for its own metaverse. The development is handled by the Meta Financial Technologies division.

The employees of the division call the future token Zuck Bucks. It is noted that the use of blockchain technologies is unlikely.

Meta is considering creating a “social” or “reputational” token. The coin is intended to reward users who have made “meaningful contributions” to the development of Meta communities.

Another potential digital asset is creator coins, which will be used to reward content creators and Instagram users.

Author

  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

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