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Tech Brew Ride Home

Thu. 04/07 – Zuck Bucks

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 7 April 2022

⏱️ 20 minutes

🧾️ Download transcript

Summary

The crypto dream might have died, but Meta still thinks the metaverse will need some for of currency. Maybe Zuck Bucks? OpenSea adds Solana NFTs. Shein is the world’s latest mega unicorn. Is Bolt pivoting from one-click checkouts to crypto payments instead? Legos in the metaverse. And DALL-E 2. Sponsors: Rocketlawyer.com/workconfidently Links: Facebook owner Meta targets finance with ‘Zuck Bucks’ and creator coins (FT) Google Play will hide and block downloads for outdated apps starting later this year (TechCrunch) Solana NFTs Can Now Be Traded on OpenSea (Decrypt) Facebook won’t hold its F8 developer conference this year after pivoting to Meta (The Verge) Shein Valued at $100 Billion in Funding Round (WSJ) Crypto Startup Wyre Being Acquired by Payments Company Bolt for $1.5 Billion (WSJ) Lego and Epic Games partnership aims for a kid-friendly metaverse (Washington Post) OpenAI’s DALL-E AI image generator can now edit pictures, too (The Verge) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Meme Right Home for Thursday, April 7th, 2022.

0:07.6

I'm Brian McCullough today.

0:09.4

The crypto dream might have died, but Meta still thinks the Metaverse will need some form of currency,

0:15.7

maybe Zuck Bucks.

0:17.1

OpenC adds Salana NFTs.

0:19.7

Sheehan is the world's latest mega unicorn, is bolt pivoting from one click

0:24.2

checkouts to crypto payments instead, Legos in the Metaverse, and Dahl E2.

0:29.9

I'll explain. Here's what you miss today in the world of tech.

0:35.4

Sources are telling the Financial Times that Meta has drawn up plans to add social

0:40.3

tokens as well as lending services and a non-blockchain virtual currency that employees

0:45.9

have dubbed Zuckbuck's, to its suite of apps.

0:50.0

Quote, the company led by Chief Executive Mark Zuckerberg is seeking alternative revenue streams and new features that can attract and retain users as popularity falls for its main social networking products such as Facebook and Instagram, a trend that threatens its

1:04.2

118 billion dollars a year ad-based business model. Facebook's financial arm

1:09.8

Meta Financial Technologies has been exploring the creation of a virtual currency for the

1:14.5

Metaverse which employees internally have dubbed Zuck Bucks according to several people familiar

1:19.4

with the efforts.

1:20.8

This is unlikely to be a cryptocurrency based on the blockchain some of the people said.

1:26.0

Instead, Meta is leaning towards introducing in-app tokens that would be centrally controlled by the company,

1:32.0

similar to those used in gaming apps such as the

1:34.4

Robux currency in popular children's game Roblocks.

1:38.4

According to company memos and people close to the plans, Meta is also looking into the

1:42.3

creation of social tokens or

...

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