Deep in the metaverse Mark Zuckerberg renamed son Metabusiness to reflect this new priority. And little by little, the Meta brand is also appearing on some of the group’s products and services. For example, after the change in company name, the Oculus Quest 2 virtual reality headset became known as Meta Quest 2. Also as part of this rebranding, the group’s payment system, Facebook Pay, became Meta Pay. This was reported in a message on Mark Zuckerberg’s page. At the moment, the payment system works exactly the same. “It will remain the same easy way to buy, send money and donate causes that matter to you on Facebook, Instagram, WhatsApp, Messenger and wherever you can use Facebook Pay,” Meta CEO assures.
Meta Pay: new features for the metaverse coming
However, to these existing features, Meta will later add new features to make Meta Pay the digital wallet for the metaverse. And besides payment, this wallet will also allow the user to manage son identity in the metaverse. “In the future, there will be all sorts of articles that you might want to create or buy – digital clothing, artvideos, music, experiences, virtual events, etc. Proof of ownership will be essential, especially if you want to take some of these articles with you in different departments,” Mark Zuckerberg also explains. It also causes interoperability. Basically, for a CEO, you should be able to enter any metaverse-like experience and be able to enjoy the virtual items you have acquired on it. ” […] the easier you can use your digital assets, the more you will value them, creating a bigger market for creators,” the article says.on in a post. Basically, a metaverse wallet developed by Meta will not be content with paying. And the group would like it to be supported by other metaverses, not just the one they are developing. Then the service can become the equivalent apps Apple Wallet, Google Wallet or Samsung Wallet in these virtual universes.
In the meantime, the Meta is full of new products for the creators
Creators have been at the center of Meta’s strategy lately. And this week, the group also made a number of announcements allowing them to generate more income from their activities. Meta has expanded the availability of the “stars” feature, which allows video creators to get paid from their fans. The group is also expanding the availability son reward system for creators who post on son Reel format (inspired by TikTok). And Meta will soon be testing a marketplace where creators can easily find paid brand partnerships. And when it comes to NFTs, Meta also announced the expansion of its testing. “We are expanding our test from Instagram digital collectibles to more international creators and a few additional countries. Creators and collectors will be able to share their digital collectibles on Facebook and Instagram once we start rolling out the feature on Facebook for select US creators at a later date. We will also soon begin testing NFTs on Instagram Stories using SparkAR,” Meta announced.
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