Meta is developing a cryptocurrency, although we could not consider it a currency for the purchase of NFT, but it will be the next Facebook cryptocurrency , that is, to spend in the company’s apps, such as Instagram, Facebook or WhatsApp. Let’s see what the “Zuck Bucks” will be like.
Meta is a great company that does not want to lose its turn in the world of cryptocurrencies. And from our point of view, it comes almost too late, although the world of cryptocurrencies and blockchain is still booming. Let’s see what the “Zuck Bucks” will be .
As we can see in the Financial Times newspaper, Meta is working to create a cryptocurrency called “Zuck Bucks” (a name that refers to Mark Zuckerberg) and this type of cryptocurrency would only be used to buy products or services in the company’s apps such as Instagram and Facebook.
What are “Zuck Bucks”?
“Zuck Bucks” the new virtual currency that Meta is creating to obtain rewards within Meta applications , such as Instagram, Facebook or WhatsApp. So that we can get an idea, these currencies work in the same way as “Riot Points” in League of Legends or “Turkeys” in Fortnite.
They are coins that you can only spend within the Meta applications . This leads us to the fact that in the future we can buy products or services within Facebook, or that versions of the apps arrive, Meta assures that it is working on a kind of rewards or “social tokens” .
Facebook continues to work for the arrival of the purchase and sale of NFTs within the application itself , but it may take a long time to arrive. If so, they can surely be bought with “Zuck Bucks” and later, sell said non-fungible token for another cryptocurrency to exchange it for real money.
They are only possible conjectures, but they can be a reality in a very short time. The NFT market and the many metaverses that are being created will have many uses and surely, in one of them, the “Zuck Bucks” will have their ideal place.
Via: Financial Times
