The Bitcoin price began a significant decline from the USD 47,000 mark. BTC fell below the USD 45,000. support zone. At 04:40 UTC, it is down nearly 8% and trading close to USD 42,000.Meta, previously known as Facebook, is looking to integrate non-fungible coins (NFTs), on Facebook and Instagram. This new feature will allow users on both Facebook and Instagram to display their NFTs. Meta has already begun prototyping tokens for collectors, according to the same report. The multinational tech conglomerate also plans to establish an NFT marketplace. Users will be able buy and sell digital assets freely from this marketplace.
It’s important to note that Meta’s NFT-promoting plans are not yet set in stone. As development accelerates, it is possible for them all to change. Meta seems to be increasing its workforce to better handle future engagements.
Meta was rebranded by Facebook to align itself with the metaverse. According to the company, the new name encompasses everything that is not just social media. Meta, for instance, announced last year that it would create an online virtual world to connect physical experiences with social media experiences. The company also showed previews of its haptic gloves in late 2013. Meta claims that the gloves could play an important role in users’ interaction with its virtual world.
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