Facebook ‘definitely looking’ at NFTs, says exec
As Facebook now finalizes the event of its proprietary cryptocurrency pockets Novi, the social media big might quickly be supporting nonfungible tokens (NFTs).
David Marcus, head of Facebook Financial and co-creator of Facebook-initiated cryptocurrency Diem, said Wednesday that the agency is “definitely looking” at doable methods to become involved within the NFT trade.
Facebook is contemplating a number of choices to introduce NFT options as they discover themselves in a “really good position to do so,” Marcus mentioned in a Bloomberg Television interview. “When you have a good crypto wallet like Novi will be, you also have to think about how to help consumers support NFTs,” he added.
Marcus mentioned that the Novi crypto pockets is now “ready to launch” after a few years of improvement, however Facebook has determined to place its launch on maintain till the agency will get approval from regulators to maneuver ahead with Diem. Facebook started work on the digital currency two years in the past, initially beneath the title Libra. The social media big would nonetheless take into account launching Novi with out Diem “as a last resort,” Marcus mentioned, however he believes that each are obligatory for Diem to be successful.
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Facebook launched a white paper for its then-called Libra in June 2019, initially planning to peg the digital currency to a number of fiat currencies together with the United States greenback, the euro, the Japanese yen, the British pound and the Singapore greenback. Due to international regulatory pushback, the Libra Association has been struggling to launch its stablecoin ever since, finally rebranding to the Diem Association and redesigning the digital currency to be pegged solely to the U.S. greenback and be regulated beneath the U.S. authorities.