Meta is reportedly making ‘Zuck Bucks’

Illustration by William Joel / The Verge

According to a new Financial Times report, Meta is still exploring finance products despite giving up on Diem. The parent company of Facebook has a few irons in the fire, including virtual currency employees, who have apparently taken to calling "Zuckbucks."

Meta founder, chairman, and CEO Mark Zuckerberg has a name for Zuck Bucks. Meta could try to duplicate the success of Roblox, which has built a huge business selling Robux.

Meta is looking into posting and sharing NFTs on Facebook, as the company has distanced itself from blockchain products. According to a memo from the company, Meta will launch a pilot in May that will allow members of Facebook groups based on NFT ownership. In January, the Financial Times reported on Meta's plans for NFTs for Facebook and Instagram, and in March, the CEO of Meta announced that NFTs would be coming to the photo-sharing service.

Meta is exploring the possibility of issuing rewards for meaningful contributions in Facebook groups. The company is looking into traditional financial services.

Meta has no updates to share today, according to a statement from the company. We are focused on building for the metaverse and that includes payments and financial services.

We will have to wait and see if Zuckbucks or other rumored projects can help Meta overcome some of its recent troubles. One high-profile person appears to be a big fan of Facebook's plans, and that person is Jack Dorsey.

insanely great™️



(please let this be real)

— jack⚡️ (@jack) April 6, 2022