Other than " turning up the heat a little bit" on Meta employees who shouldn't be there and hitting the metaverse runway, Mark Zuckerberg is highlighting the expanded NFT support on the photo sharing service. A custom-made 1992 Little League baseball card, made by the founder and CEO, is going to be on sale soon, with an NFT included as part of the deal.
I was led to believe that he was minting it himself, but that is not the case. This card was made for a camp counselor who kept it, and now it has been verified and put up for sale as a collectible, as well as a digital token. There are some pitchers from that league who probably suspected the video metrics were off before anyone else did, if you check it out in his post.
View this post on InstagramA post shared by Mark Zuckerberg (@zuck)
It's an interesting time for Meta. Facebook's revenue fell for the first time in the company's history in the second quarter. According to CEO Adam Mosseri, people are frustrated and the usage data isn't great.
Since peaking in the winter, the digital collectibles market has fallen sharply. After dropping from where it was in May, sales volume has remained flat in the months since.
According to a report for Platformer, Meta,Twitter, and Reddit don't have any data to share on how they're doing, so they push forward with NFT projects.
Related
The idea that these collectibles will explode in value when combined with the augmented and virtual reality spaces is what the focus is on.
Today's news from Meta is that the test of NFT support is available in 100 more countries.
An earlier version of the story stated that Mark was minting his Little League card as an NFT. It is being sold as a collector's item by another person. We apologize for the mistake.