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Meta goes deeper into crypto

Meta is not giving up its activities in the world of cryptocurrencies, even after a failed effort to release its own cryptocurrency.

Facebook is apparently beginning to focus more heavily on decentralized cryptocurrencies that were created without its direct involvement. At the same time it seems to be particularly attracted to projects that may be close to the areas of NFT, Metaverse and Web 3.0.

Metaverse virtual reality concept

This is indicated by new information that Meta Platforms filed eight trademark applications on Friday, March 18, six of which are directly related to cryptocurrencies or blockchain technology. Like cryptocurrency tokens, financial trading, currency trading, blockchain software, virtual currency wallets, virtual currency exchanges, digital assets, cryptocurrencies and virtual currencies.

Let’s not forget the NFT

It is clear from the above that Meta is considering the extent to which it could play a role in the world of cryptocurrencies although it is not entirely sure of all the processes.

The first indication of the adoption of cryptocurrencies on Meta’s social networks, i.e. Facebook, WhatsApp and Instagram is Mark Zuckerberg’s statement at the recent SXSW conference, where he confirmed that Instagram will implement support for NFT tokens in the near future.

Read also: Bitcoin still neutral while altcoins look bullish

Cryptocurrencies have experienced high adoption recently. There is a lot of positive news coming from all over the world for cryptocurrencies. So it is not surprising that a lot of predictions are bullish. However, as long as the war in Ukraine continues, we cannot make hasty predictions.

Bruno is an Investment enthusiast with several years of experience in the industry. He enjoys following the latest news and technology trends...

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