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.