Majority of US consumers say no to Meta owning metaverse data: Survey
87% of respondents said they would switch to full-time gaming in the metaverse if the pay is good. A survey of 1,000 United States consumers around growing interest in the metaverse has revealed some interesting results. In a survey commissioned by nonfungible token and metaverse infrastructure provider Advokate Group, 87% of respondents preferred a decentralized metaverse on a blockchain over some of the mega projects planned by tech giants. This became more evident when 77% of the respondents shared concerns over Facebook’s entry into the metaverse, especially since it owns users'....
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Meta, the metaverse-based platform, has announced the launch of a new wallet directed to support value interaction in the metaverse. Meta Pay, a rebrand of the former Facebook Pay service, will keep fulfilling the same functions that Facebook Pay did in the past, but will be developed as a universal way of paying for goods and services using digital identities in the metaverse.
Facebook Pay Rebrands to Meta Pay
Meta is trying to solve the problem of transaction and value interactions in the metaverse. The company announced the launch of a new digital wallet that will support the....
Jimmy Nguyen, president of BSV Association, hopes that Meta will take an approach that doesn’t store data within their own servers. While Meta has not yet launched its metaverse project, Bitcoin SV (BSV) association president Jimmy Nguyen thinks that it would be better for the firm to store user data on a public blockchain. In a Cointelegraph interview, Nguyen shared that a global and interoperable metaverse ecosystem would mean that individual data will be stored within a public blockchain. If Meta employs this method, Nguyen noted that Meta could become an interface that connects a....
Metaverse has now traversed the mainstream. On May 9, Meta Platforms Inc. will be opening its first-ever physical metaverse-themed retail store in the San Francisco Bay Area. Samsung has opened up their first physical Meta store – and Meta is following through. Suggested Reading | Samsung Throws In $25 Million In South Korean Startup DoubleMe […]
A majority of the developers believe that crypto and blockchain innovation will be "critical to shaping the future of the metaverse." A new study shows that developers believe that the metaverse may become the “most popular” way to buy and sell crypto someday.The study, commissioned by API provider Agora, surveyed 300 developers' thoughts and ideas about the metaverse. "Since they will be positioned on the front lines of practically every development that takes place in the metaverse, their thoughts and opinions ultimately carry a great deal of weight," says Tony Zhao, the founder and CEO....
Meta’s VP of Metaverse, Vishal Shah, acknowledged that Horizon Worlds, the flagship app that Meta uses to show the potential of its metaverse, still has many problems affecting its usability. In a recent memo, Shah explains that even Meta’s employees are not using the app so much, and hints at the establishment of time quotas for the presence of employees on the platform.
Horizon Worlds Buggy, Meta’s Executive Recognizes
Meta’s metaverse push is facing some trouble, with executives now criticizing Horizon Worlds and the state of the flagship metaverse....