FinTech news in meta category

A Meta spokesperson told journalist that it is shifting its investments away from NFTs toward products like Meta Pay, as well as features that enable creators to earn money directly on Meta platforms, like its tipping feature called gifts.

The new platform, Chainlink Functions, also lets builders run customizable computations on Web 2.0 APIs within minutes through its network, Kemal El Moujahid, chief product officer at Chainlink Labs

Instagram and Twitter aren’t the only digital giants looking to embrace NFTs, as YouTube CEO Susan Wojcicki suggested that the platform may embrace web3 technologies, including NFTs, as a means of helping YouTube creators make money. Earlier this year, Zuckerberg said Meta is going to work on augmented reality NFTs, or 3D NFTs, that you can bring to Instagram Stories using Spark AR, which is the company’s software AR platform. Instagram to start testing NFTs with select creators this week Facebook begins testing NFTs with select creators in the US Instagram’s NFT functionality allows users to connect a digital wallet, share NFTs and automatically tag both a creator and collector for attribution.

In recent months, the company has also been testing support for digital collectables (aka NFTs) — so having its own digital wallet infrastructure could support a wider push into non-fungible token trading if Meta decides there’s enough money to be made (but, again, NFT trading volumes are steeply down vs last year as digital collectables catch crypto’s chill).

Instagram to start testing NFTs with select creators this week Meta to roll out new monetization tools on Instagram and Facebook, including a creator marketplace After debuting NFT support on Instagram in May, Meta has launched digital collectibles support on Facebook with select creators. Zuckerberg has also said Meta is going to work on augmented reality NFTs, or 3D NFTs, that you can bring to Instagram Stories using Spark AR, which is the company’s software AR platform.

Facebook has been in payments since 2009 and says people use its platforms to make payments in 160 countries and 55 currencies, including person to person, business to business, and business to consumer payments. Facebook Pay will soon be renamed Meta Pay, according to a blog post written by Meta head of fintech, Stephane Kasriel.

Instagram head Adam Mosseri announced today that the platform is going to start testing NFTs with select creators in the United States this week. Mosseri noted that there will be no fees associated with posting or sharing a digital collectible on Instagram. At launch, the supported blockchains for showcasing NFTs on Instagram are Ethereum and \[…\]

From the link, consumers go to a web page interface on top of the app and can make purchase choices from their favorite commerce site, including Shopify and Amazon, and pay with Apple Pay, Google Pay, Shop Pay or PayPal — features not often available because some social media sites don’t often play well with certain payment options, said Ownit co-founder and CEO Payman Nejati.

Split Payments was introduced alongside the news that Messenger is launching new voice message recording controls so users can pause, preview, delete or continue recording a voice message before sending it. The company said that its feature offering end-to-end encrypted group chats and calls in Messenger is now fully rolled out. The launch of Split Payments comes as Messenger added Venmo-like QR codes for person-to-person payments last summer. Messenger also added another security feature that will alert users if someone snaps a photo from Messenger’s disappearing messages.

This was followed by Social (70 apps), Entertainment (57 apps), Books (37 apps), Lifestyle (33 apps), Tools (26 apps), Business (25 apps). However, mobile game publishers led the adoption of the keyword, as 107 apps in the Game category now reference the term, or 19% of the apps studied.

If the sale of the Diem Association’s assets goes through, Meta and its partners in the association will get some money back, while Silvergate Capital will become the only company in charge of the Diem project.

Here are 5 NFT trends that will bring social media audiences into web3 en masse: NFT verification Skeptics are quick to point out that NFTs are dumb because you can simply right-click and save the underlying files.