Tag: facebook

Summary: Meta's digital collectible feature for creators and collectors expands its reach. More than 100 countries in Africa, Asia-Pacific, the Middle East, and the Americas will receive access to NFTs on Instagram. Support for Coinbase wallet and Dapper will follow the expansion. Users can connect to Instagram with other wallets like Metamask and Trust wallet as well. NFT minting on the Flow blockchain...

The performance of Meta Platforms during the second quarter of this year was not merely disappointing for Facebook. It is the first time the social media giant has experienced a massive drop in annual income. The company reported on Thursday that its segment, called Reality Labs, which focuses on the metaverse experienced quarterly losses of $2.81 billion. The division's year-to-date losses are thus...

According to reports, Snapchat has been investing in a novel method that would let users turn their NFTs into AR lenses. Then, these can be put inside Snaps. Users can now include three-dimensional copies of their NFTs in their Snapchats thanks to this advancement. These NFTs can be incorporated into anything from face masks to items in the frame. Snapchat To Test NFT...

Summary: The social network plans to launch its marketplace for blockchain- powered profile photos on Thursday. Over 90 unique designs crafted by individual artists and thousands of digital collectibles will roll out during the sale for a fixed price. Interested buyers can only purchase an avatar with government-issued fiat currencies. Layer 2 scaling protocol Polygon is Reddit's on-chain partner for the initiative. Reddit previously...

Reading Time: 2 minutes Meta’s Novi wallet will shut down 15 months after it was announced The crypto wallet was the only horse left in Meta’s crypto stable after its sale of Diem in January The Whatsapp pilot will end in September, when the project will be wound down...

The remnants of Meta's once-ambitious cryptocurrency project are fading away. According to a notification on its website, a pilot program for Novi, the social networking giant's money-transfer service using its own cryptocurrency digital wallet, will suspend operations on September 1. The company said Friday that on July 21, users will no longer be able to add funds to their Novi accounts. The firm...

Meta has disclosed plans to discontinue its Novi pilot crypto program by September 1, according to Bloomberg. Per the project's website, Novi services will no longer be available on its application and WhatsApp. The firm revealed that users will not be able to make...

Sheryl Sandberg, one of Facebook's top executives, made the shocking revelation Thursday that she will quit, following a 14-year stint in which she helped shepherd the social media giant to advertising supremacy. Chief Executive Officer and co-founder Mark Zuckerberg announced in a separate Facebook post that Chief Growth Officer Javier Olivan will succeed Sandberg as chief operating officer. However, Zuckerberg added that it...

The blockchain space has grown with exciting updates and new upgrades over the years. These changes make the blockchain space accessible and usable. While the space is relatively new, the major challenge is growing regulations. Granted, laws are necessary to bring sanity and clarity to the industry. However, many restrictions have affected the growth of numerous...

The Meta exchange could onboard over 3 billion monthly users across Facebook and Instagram.

Following his resignation from Facebook, David Marcus, the company's former Crypto head has launched himself into the crypto world. The news was announced on his official Twitter handle on May 12th, 2022. Marcus defends his move to launch a crypto startup The news gained positive reactions with a lot of users commending the move and...

David Marcus, who was known for heading crypto and digital finance operations of Meta (formerly Facebook), has unveiled his new startup, Lightspark.

David Marcus, who formerly headed Facebook and Meta's Diem stablecoin project, is founding a new crypto company. David Marcus Unveils Lightspark Marcus wrote on Twitter today that he and a...

David Marcus, former lead of Facebook Messenger, announced the creation of Lightspark, a Lightning Network infrastructure company.David Marcus, ex-Meta executive for Facebook Messenger, has announced the creation of his new company, Lightspark.Lightspark will focus on building, exploring and creating on the Bitcoin Lightning Network. Marcus notes his passionate belief that led to this...

Criminals continue to use Money Saving Expert founder Martin Lewis' image to defraud investors via Facebook Ads, despite Lewis settling a lawsuit with Facebook's parent Meta over the illegal use of his photos in such scams years ago, The Independent...

Mark Zuckerberg, the CEO of Meta (FB), announced on Monday via video that Instagram will start testing non-fungible token (NFT) integrations over the week.

Meta's Zuckerberg says NFTs features are being tested for Instagram and Facebook.

Dfinity Foundation has dragged Facebook’s parent company, Meta, to court for using an infinity symbol as its logo. Was it deliberate? Or, was Facebook - now rebranded to Meta - just too lazy to do its homework and verify if the logo it used for its modified entity was already taken. Well, it doesn't matter now, because Mark Zuckerberg and his team at...

Dfinity Foundation, the developer of Internet Computer Protocol (ICP), has dragged Facebook’s parent company, Meta, to court over its use of the infinity symbol as its...

Meta seems to be losing it in and it’s only the first quarter. But no, it’s all a part of the break-in period. Meta Platforms Inc. (FB) reported a loss of nearly $3 billion in earnings for the first three months of 2022. The financial report is for Facebook Reality Labs (FRL) that included VR and augmented reality. The revenue report...