Home
News
Former Facebook company offensively disrupted the digital space and made some significant moves to make its presence
Social media giant, formerly known as Facebook, Meta took some significant actions in order to make its presence in the digital space. Meta was among some companies who initially recognized the potential of blockchain, Web 3 and Metaverse. The company and team got so fascinated by the concept that they made aggressive shifts and moves that would drive them towards the emerging technology.
The company has turned its core focus towards the Metaverse and apparently decided to rebrand itself to Meta, which shows its confidence and determination. Out of its numerous projects, one known as Horizon Worlds is currently a virtual and online game creation system developed by Meta.
Recently the company announced that it started a trial program that would enable several selected creators to monetize and earn for what they are creating or building for their gaming platform, Horizon Worlds. Meta has plans to make Horizon Worlds their own metaverse platform for which they are approaching creators and developers, and a recent announcement was also made for them.
The company stated Meta would work along with a handful of designers and creators under a pilot program that would make them able to try and experiment with different ways to monetize several virtual items and effects inside the Horizon Worlds.
Meta said that the tools are the steps towards the long term vision of the company for Metaverse, where creators would be able to earn a living. At the same time, people can make purchases of goods and services and experiences available digitally. Such examples of those items would include the ability to sell those attachable accessories to the fashion world or offer paid access to a whole new part of the world.
Also Read: UPS Set Sails Into Metaverse Waters With Virtual Retail Shipping Services
Users of Horizon World of Meta are available currently only in Canada and the US that can make purchases of their choice, but only their age is 18 or more. The company has created a Horizon Creator Fund worth $10 million, which was announced last October for expansion to provide resources to Horizon Worlds creators.
Needless to say, efforts of the Social media giant company, be it making towards creating its digital world or its defunct stablecoin project, Diem. Latter was one of the company’s ambitious projects, which was struck by regulatory actions and, in the end, had to shut down completely.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
