Meta is exploring the use of virtual currency Zuck Bucks and NFTs The Zuck Bucks currency is apparently named after Meta founder, chairman and CEO Mark Zuckerberg. And it is unlikely to be a cryptocurrency. Instead, Meta is leaning towards injecting tokens into applications that will be centrally controlled by the company, similar to those used in gaming applications, such as the Robux currency in the game Roblox. Roblox has built a huge business selling Robux and Meta may try to replicate that success on their own platforms.
At the same time, Meta has not completely distanced itself from blockchain products as the company is also considering issuing and swapping NFTs on Facebook. According to the source, the company plans to launch a pilot project with NFT in mid-May. And shortly thereafter, Meta will test Facebook group membership based on NFT ownership as well as NFT minting.
