Facebook's Zuckerberg looks to create virtual currency for metaverse - FT

In an effort to fulfill its finance ambitions, Meta Financial Technologies, Meta's (NASDAQ:FB) financial unit, has been considering creating so-called "Zuck Bucks" for the decentralized metaverse, people familiar with the matter told the Financial Times Wednesday. The potential move comes despite the company's failed launch of Diem, a blockchain-based stablecoin payment system. Remember at the end of January when crypto bank Silvergate Capital (SI) bought intellectual property and other tech assets from Diem Group. Meanwhile, Zuck Bucks, inspired by Meta Co-founder and Chief Executive Mark Zuckerberg, are not likely to be a digital asset based on the blockchain, some of the people told the FT, adding that Meta (FB) is inching towards launching in-app tokens that would be controlled by the company. In addition, Meta (FB) is exploring the creation of social tokens or reputations tokens, which are products of web3 that connect the creators and consumers of content. It