29/10/2021 Facebook’s Metaverse Will Support NFTs

The company changed its name to Meta in a further sign of its metaverse ambitions.

Facebook said Thursday the company’s metaverse will support non-fungible tokens (NFT) in a possible boost to the Ethereum protocol, where the digital collectibles format has thrived.

“This will make it easier for people to sell Limited Edition digital objects like NFTs, display them in their digital spaces and even resell them to the next person securely,” Facebook Head of Metaverse Products Vishal Shah said.

The news comes as Facebook delves further into the virtual world. The social media behemoth already owns virtual reality headset maker Oculus and recently signaleda major hiring pushfor its metaverse unit.

“Our goal is to provide a way for as many players as possible to build a business in the metaverse,” Shah said.

The monetization push could dovetail with the company’s Novi crypto wallet, which faced pushback from U.S. lawmakers after a pilot launch earlier this month. Diem, the project’s namesake stablecoin, is not yet involved. On Thursday, David Marcus, Facebook’s head of payments and financial services,tweetedthat with the rebrand, the company was consolidating all of its payments and financial services units and products, including Facebook Pay, under the Novi brand.

After teasing its NFT tie-up, Facebook changed its name to Meta, further hinting at the company’s commitment to building out its version of the metaverse.

How it will depart from open metaverses like Decentraland and Cryptovoxels has yet to be determined.

Facebook stock (NASDAQ: FB) is up 3.5% today, most of that coming after the start of the event at 1 p.m. ET.

In another sign of Facebook’s metaverse fascination, the company’s stock will trade under ticker symbol MVRS starting Dec. 1.

Arts

https://www.coindesk.com/business/2021/10/28/facebooks-metaverse-will-support-nfts/

Interesting NFTs
Ringers #879
There are an almost infinite number of ways to wrap a string around a set of pegs. On the surface it may seem like a simple concept but prepare to be surprised and delighted at the variety of combinations the algorithm can produce. Each output from 'Ringers' is derived from a unique transaction hash and generated in Javascript in the browser. Feature variations include peg count, sizing, layout, wrap orientation, and a few colorful flourishes for good measure.
#46782
By OthersideDeployer
Crossroad
LIMITED EDITION 1/1 | includes signed limited edition prints of all 3 states (pre-election, Trump win, Biden win) This piece is a first for Nifty, a token that will change based on the outcome of the election. If anything is constant about the times we now live in, it's uncertainty. This uncertainty is perfectly encapsulated in this piece of artwork as the person buying the piece will not know the final artwork. The artwork will be one state at auction before the election, and after the results of the election are known, will forever change to reflect a Trump or Biden win. PLEASE FUCKING NOTE: If trump wins, this token will change to that video of sexy boi king trump stomping through hell FOREVER. I don’t want you coming back to me bitching that you spent $2M* on this and now it’s a video of orangeman going HAM and it’s keeping u up at night popping mad boners. should have voted bruh. *and stfu that this isn’t gonna be worth a fuckton more when I hit 30 years of everydays and have a permanent collection in the MOMA. smh.
The Blockchain
Symbiotic crypto-currency relationships
Blindfold
I sure hope this is see-through. Otherwise someone is going to have a bad time in the dungeon.