Meta CEO Mark Zuckerberg made several announcements about his ambitions in the metaverse on June 22. First, he announced that Facebook Pay was changing to Meta Pay to better match the company’s new identity. As a reminder, we are talking here about a unified payment system for the various platforms and applications of the Meta galaxy (Facebook, Messenger, Instagram and WhatsApp). This system allows, among other things, to make purchases, send money and make donations to different causes on the applications of the American firm.
Beyond this question of rebranding, Mark Zuckerberg’s post focuses on a function that the company hopes to deploy in the more or less near future: a wallet for the metaverse. Thus, we learn that the company is working on a project that will allow users to manage their identity and their objects (virtual) as well as their payment methods (in real dollars) in one and the same place.
A wallet for the metaverse that allows you to securely manage your identity, what you own and how you pay.
In his post, Zuckerberg insists on the need to be able to prove digital ownership in the future, as users are likely to want to create or buy clothes, works of art, videos, music, show tickets, etc., in these virtual universes.
According to him, users must be able to connect to any metaverse experience and benefit from everything they have already purchased by finding their avatar, which implies interoperability of metaverses.
According to him, there is still a long way to go, but this type of interoperability should provide a better experience for users and greater opportunities for creators. Indeed, the more easily you can use your digital assets, the more you will appreciate them, which will create a larger market for the entire ecosystem. In case you doubted it, the metaverse is therefore also (mainly?) a matter of big money.
However, the company did not say whether it plans to rely heavily on cryptocurrencies. As a reminder, Meta recently participated in the creation of the Metaverse Standards Forum, which aims to promote the emergence of standards aimed at making the virtual worlds of several large companies compatible with each other.