Facebook Plans to Introduce NFTs As Part of its Digital Wallet: All You Need to Know
3 years, 3 months ago

Facebook Plans to Introduce NFTs As Part of its Digital Wallet: All You Need to Know

News 18  

With the expansion of the digital arena and blockchain technology, the demand for Non Fungible Tokens seems to have exploded. The latest addition to this could be social media giant Facebook which reportedly is planning to enter the NFT space as part of its Novi Digital Wallet. Speaking to Bloomberg TV in an interview, Facebook executive David Marcus hinted towards the company's plan to venture into the arena and said, "We’re definitely looking at the number of ways to get involved in the space because we think we’re in a really good position to do so.” What exactly are NFTs? At a higher level, most NFTs are part of the Ethereum blockchain, which is also a cryptocurrency like Bitcoin but its blockchain also stores extra information that makes them different from the crypto ETH coin. Earlier this year, Twitter CEO Jack Dorsey sold his first ever Tweet for $2.9 million as NFT to raise funds for COVID-19 relief but the sale was not performed through any platform developed by Twitter.

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Facebook users could soon experience NFTs on the platform
2 years, 5 months ago

Facebook users could soon experience NFTs on the platform

The Hindu  

Like other social media giants, Meta Platforms, Inc., has unveiled plans to enter the NFT market which saw record volumes and investor interest last year and early this year. A Meta spokesperson reportedly confirmed to TechCrunch on Thursday that select creators in the USA could post and showcase their “digital collectibles” - Meta’s term for NFTs - on their profile …

NFTs are coming to Instagram ‘soon’, Mark Zuckerberg warns
2 years, 9 months ago

NFTs are coming to Instagram ‘soon’, Mark Zuckerberg warns

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. “We’re working on bringing NFTs to Instagram in the near term," the Facebook founder and Meta chief …

Op-Ed: It’s too late to envision a future without Facebook — or at least the world it built
2 years, 10 months ago

Op-Ed: It’s too late to envision a future without Facebook — or at least the world it built

LA Times  

The world’s biggest social media site might be tanking. Earlier this month, Facebook shared that it lost a million daily users for the first time in its history, which led to a loss of nearly $240 billion — a quarter of the company’s value. Last week Google announced similar protection for Android phones, which is likely to cost Meta, Facebook’s …

Social Media App Parler Plans to Foray Into NFTs
3 years ago

Social Media App Parler Plans to Foray Into NFTs

News 18  

Social media platform Parler said on Monday it will expand its business into non-fungible tokens, in a move that underpins the rapid growth of the digital asset in recent months. Last week, former US first lady Melania Trump launched an NFT and blockchain technology venture, which was spearheaded by Parler. “Parler will continue building its digital offering with an NFT …

Facebook At Risk Of Missing The Point Of Metaverse: Report
3 years ago

Facebook At Risk Of Missing The Point Of Metaverse: Report

ABP News  

New Delhi: Social networking giant Facebook, which adopted a new moniker Meta in late October, based on sci-fi term metaverse, is at the risk of missing the point of metaverse if it is not able to permit digital ownership, a new report says. According to a report by news agency Reuters, metaverse participants do not think the social media giant …

Facebook to reportedly get new name as part of major rebranding exercise: Here's all you need to know
3 years, 2 months ago

Facebook to reportedly get new name as part of major rebranding exercise: Here's all you need to know

Firstpost  

Speculation suggests the name for the entire Facebook group could be one related to Horizon, which is Facebook’s unreleased VR product. Facebook might soon get a new name, as hinted by an unnamed source familiar with the matter. Although, speculation suggests the name could be one related to Horizon, which is Facebook’s unreleased VR product. And I think it’s going …

Facebook ‘planning to rebrand company’ with new name
3 years, 2 months ago

Facebook ‘planning to rebrand company’ with new name

Al Jazeera  

CEO Mark Zuckerberg plans to talk about the name change at its annual conference on October 28, but it could be sooner. Social media giant Facebook Inc is planning to rebrand itself with a new name next week, American technology blog the Verge reported on Tuesday, citing a source with direct knowledge of the matter. Facebook Chief Executive Officer Mark …

Gary Vaynerchuk: NFT is the next big thing
3 years, 7 months ago

Gary Vaynerchuk: NFT is the next big thing

CNN  

New York CNN Business — Serial entrepreneur Gary Vaynerchuk is selling a new use case for NFT: “Smart event” tokens that have real value rather than digital art. Vaynerchuk’s VeeFriends NFT collection will give buyers three-year access to his VeeCon business and marketing convention. Gary Vaynerchuk: Only two times I have been told I’ve gone too far: Putting my dad’s …

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