Zuck Bucks in the Metaverse: What Should We Expect?
It is yet to be determined if Meta has given up on the crypto world or not, but all eyes are set on Zuckerberg as Meta announces a new form of currency to be used in the Metaverse.
The new venture of ‘Zuck Bucks’ will be used mainly as an alternative revenue stream as opposed to solving users' problems, or giving something of needed value to users. Internal employees have named the new venture, ‘Zuck Bucks’ and it continues to stay a mystery, but some insiders report that these new bucks will not be cryptocurrency, but rather an internal token in the Metaverse.
The Metaverse has certainly been a major buzzword in 2021 and starting of 2022, but what really is the Metaverse?
The Metaverse is a synergy of augmented reality, virtual reality, video, and human interaction within. It is well-known that there is a connection between NFTs and cryptocurrency to the Metaverse. The Metaverse blurs the lines between reality and fantasy, but is intended to bring reality to a whole new level where users still are able to buy, sell, own, and carry out their day-to-day.
Meta Platforms Inc (FB)
A main concern that crypto enthusiasts are worried about is the overall central control and data that Meta Platforms Inc already has. With the new currency not being found on the blockchain, this would fundamentally give Meta more governance and control not only over their users, but over this in-app currency to be launched.
Facebook has already invested a hefty $10B in the Metaverse and is looking to expand even more resources stepping into 2022 ‘Zuck Bucks’. FB has been on shaky ground since the quarterly report figures were released. Showing the public, and their shareholders, one of the largest losses a public company has been. In other words, FB as a public company is tanking in its number. Yikes!
Do you think the new horizon of the Metaverse will be able to push them out of the slump, or is FB past its prime? Time will tell!
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