Mark Zuckerberg, the owner and founder of the company, which was founded as Facebook and changed its name to Meta after many years, is considering developing tokens for applications that will have central control by the company. The aim is to be part of a product package developed to reduce Metaverse's ad addiction, which will become widespread in the future.
According to the Financial Times, which first made the news, it aims to generate more revenue from its user base. In addition, Meta develops "social tokens" or "reputation tokens" developed to contribute to Facebook groups.
Lauren, a spokesperson for Meta, confirmed that the company cannot comment at this time, but that they are investigating the question of what payments and financial services will look like as part of metaverse technologies.
While Meta continues to be the dominant social networking medium in the world, its revenues increased by 37% in 2021 to 118 Billion dollars with Facebook and Instagram reaching 4.9 Billion monthly users.
This isn't Facebook's first virtual finance experience. The company, which offered Facebook credits to facilitate in-game purchases in the game FarmVille in 2009, closed the system after four years of success.
What do you think about this subject? Do you think this new system will be successful?