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  • Zuck Bucks? Meta is reportedly ditching crypto for in-app tokens as its Metaverse currency

    Zuck Bucks? Meta is reportedly ditching crypto for in-app tokens as its Metaverse currency

    Meta, the parent company of Facebook and Instagram is reportedly planning to introduce in-app tokens as the virtual currency for its Metaverse. In fact, according to a report by Financial Times, employees of the company already have a nickname for the currency: Zuck Bucks.

    The in-app tokens would be centrally controlled by Meta and is similar in concept to the popular children’s game Roblox’s Robux currency. Previously, several sources claimed that Meta was planning to use cryptocurrency called Diem as its virtual currency.