Facebook | Crypto Profit Bot

Facebook’s centralized metaverse a threat to the decentralized ecosystem?

November 27, 2021

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Facebook has been planning its foray into the metaverse for some time now — possibly even several years. But it’s only recently that its ambitious expansion plans have catapulted the concept into mainstream headlines across the globe. Renaming the parent company to Meta was perhaps the biggest, boldest statement of intent the firm could make. […]

Microsoft muscles into the metaverse with Teams updates and Xbox upgrades

November 3, 2021

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United States tech giant Microsoft is taking the plunge into the metaverse via updates to its Teams and Xbox gaming console services, along with a new product called “Dynamics 365 Connected Spaces.” Microsoft CEO Satya Nadella announced the firm’s metaverse plans for Teams and Spaces on Tuesday during the Microsoft Ignite conference. “The Metaverse enables […]

Diem tells Senators on the warpath over Novi: We’re not actually Facebook

October 21, 2021

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In response to a letter from the U.S. calling on Facebook to halt its stablecoin and crypto wallet projects, Diem stated that it “is not Facebook. We are an independent organization” 3837 Total views 38 Total shares Stablecoin project Diem has distanced itself from its Facebook in response to Democrat Senators calling for the immediate […]

Senators pressure Facebook to ‘immediately discontinue’ Novi wallet pilot

October 20, 2021

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Facebook’s crypto wallet has been shot down by banking committee senators just hours after it launched a pilot. 7586 Total views 46 Total shares Five Senators have called for the immediate closure of Facebook’s new crypto wallet just hours after it was launched in partnership with Coinbase. Crypto skeptic Senator Elizabeth Warren was one of […]

Paris Hilton and Pranksy collections featured by Sotheby’s new NFT platform

October 15, 2021

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The first auction on Sotheby’s Metaverse will go live on Oct. 18, with the auction featuring prominent collections such as Bored Ape Yacht Club, MoonCats and CryptoKitties. 2267 Total views 23 Total shares Prestigious auction house Sotheby’s has launched a new Metaverse themed NFT platform. The platform is dubbed “Sotheby’s Metaverse” and was announced alongside […]

Top engineers working on Facebook’s wallet jump ship to A16z’s crypto fund

October 12, 2021

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The engineers will provide technical advice to Andreessen Horowitz’s portfolio companies. 3495 Total views 4 Total shares Andreessen Horowitz (A16z), a leading venture capital firm operating in the crypto sector, has nabbed two of the leading engineers working on Facebook’s digital currency project for its digital asset fund. According to an Oct. 11 report from […]

Facebook announces $50M investment fund tasked with developing its virtual metaverse

September 28, 2021

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Facebook has slated $50 million to be spent over the next two years through its XR Programs and Research fund. 3707 Total views 54 Total shares Facebook has announced it will allocate $50 million to a two-year fund tasked with beginning work on realizing the firm’s vision for a virtual metaverse. A Sept. 27 announcement […]

Novi-FT? Facebook’s NFT support may not drive crypto adoption

September 11, 2021

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Nonfungible tokens (NFT) have enjoyed quick adoption across the entertainment, media and sports space as the biggest brands, companies and individuals look to gain first-mover advantage in creating their own digital collectibles. These have come in myriad forms, and much like blockchain technology was touted to be pliable to any industry’s needs and problems, the […]

Diem struggling to win over officials in Washington despite rebranding efforts

September 10, 2021

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Diem’s push to launch stablecoins and a global payment system might suffer from the seemingly brewing anti-crypto sentiment among key U.S. policymakers. 2206 Total views 51 Total shares Facebook’s ambitious digital currency payment project Diem is yet to get off the ground despite concerted attempts to win over financial regulators. According to The Washington Post […]

Cointelegraph Consulting: Going down the Metaverse

August 27, 2021

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As nonfungible token sales appear reanimated after a nearly two-month dry spell from their apex in May, a particular NFT application is gaining popularity more than ever: metaverses. Metaverses have gained their fair share of media attention lately, with big moves coming from companies like Facebook and Epic games. However, not everyone — even those […]

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Category: Facebook