Facebook plans to launch its own cryptocurrency: Diem. For this purpose, the company is developing its own wallet. Now the head of Facebook Financial showed himself open to a possible NFT support.
In a Bloomberg article on Facebook, David Marcus, head of Facebook Financial, expressed a positive attitude towards a possible NFT support at Facebook. To that end, the Silicon Valley company is currently working on its own wallet with the resonant name “Novi.” That’s why it would make sense for Facebook to also think about offering NFT products to Facebook’s customers. After all, Facebook has everything it needs to successfully use and offer NFT technology. Its own wallet (Novi), a resource-rich infrastructure, and potentially thousands of customers for NFT products.
Further, NFT technology would be able to offer Facebook many interesting use cases. Because if Mark Zuckerberg has his way, the future of his social media company could lie in the so-called “metaverse.” A digital world in which Facebook users work, live, meet, play sports, listen to music or go shopping. It’s possible that Facebook could use NFT technology to make digital items – like virtual sneakers or movie tickets you just bought – unique and impossible to replicate. Sort of like Axie Infinity, Decentraland, or RTFKT Studios. This company, for example, already sells digital sneakers, using NFT technology. Some of these sneakers are trading for several $10,000.
Facebook on crypto course
Facebook has been planning to launch its own digital currency for a couple of years. Initially, it was to be called “Libra”, but was then renamed “Diem“. Governments around the world had strongly objected to Facebook gaining control of its own currency in addition to its now already dominant market dominance in social media. The cryptocurrency Diem could theoretically be used by all Facebook users – potentially billions of people worldwide.