Zuckerberg details his plans to move your digital items to the metaverse

Mark Zuckerberg announced on Wednesday that Facebook Pay has officially become Meta Pay, but his post mainly focused on what the company hopes to create in the future — “a wallet for the Metaverse.” While Meta Pay is essentially the same tool it was before, with the Meta branding, Zuckerberg says the company is working on something that allows users to identify, itemize and pay as they make their way through the digital world. methods to manage. The future will be

The company has previously hinted at these plans – Meta Pay rebranded’s May announcement also mentioned that it will “look like a single wallet experience” with regards to making payments and storing your identity and digital items. was looking for. However, Zuckerberg’s post mostly focused on how the company’s Metaverse wallet would provide proof of digital ownership; He mentioned how it can be used to create and buy “digital clothing, art, videos, music, experiences, virtual events, and more”.

Zuckerberg admits that the idea is in its early days.

The concept of a wallet that proves you have digital items very Like crypto wallets that hold NFTs. And while Zuckerberg’s post doesn’t mention blockchain at all, the company has recently been working on integrating NFTs into Instagram and Facebook. Still, the company hasn’t really said whether it actually plans to build its metaverse using crypto or whether it will draw inspiration from it. (Given Meta’s history, the latter may be the best option; its attempt to create a real cryptocurrency didn’t end well, and it is reportedly looking into a digital currency that isn’t based on the blockchain.)

Zuckerberg also says there are plans to make Meta’s wallet interoperable, so you can bring your stuff into “any Metaverse experience.” While Zuckerberg has admitted that he’s not sure what interoperability between companies will look like, Meta recently helped create a standards group with the goal of getting everyone on the same page when it comes to language and technology related to the Metaverse. helped.

The details of Zuckerberg’s wallet are likely to be a way off — especially if it’s meant to be interoperable based on standards that don’t yet exist. However, that didn’t stop the company from selling digital items in the meantime; It already has a store that sells clothes for your digital avatar.

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