Meta has given up its cryptocurrency Diem, but according to a new report from the Financial Times, it is far from ending with other financial products. The parent company of Facebook and Instagram reportedly has several other irons on the fire, including a virtual currency that employees reportedly began to call "Zuck Bucks".
Zuck Bucks, named after Meta's founder, chairman and CEO Mark Zuckerberg, is unlikely to be a cryptocurrency. Meta is committed to introducing tokens in applications that would be centrally managed by the company. Such tokens are used in gaming applications, such as the Robux currency in the popular children's game Roblox, which has built a huge business selling Robux, and Meta could try to emulate part of this success on its platforms.
Meta did not completely distance itself from blockchain products either. For example, it deals with publishing and sharing NFT on Facebook. The company plans to launch a pilot project for this activity in mid-May and is also preparing to test the possibility of "membership in Facebook groups based on NFT ownership."
In addition, Meta examines social tokens or reputation tokens that could be issued as rewards for meaningful contributions, for example in Facebook groups. In addition, the company appears to be involved in traditional financial services, such as small business loans.
We'll see how Zuck Bucks or other projects talked about work and help Meta overcome some of its recent difficulties. However, one high-ranking person seems to be a big fan of Facebook's plans, former Twitter CEO Jack Dorsey. What about you? Have you become a fan of Facebook plans? You can share your opinions in the comments.