K
Kathleen Martin
Guest
This has been suspected since the company chose to change its name from Facebook to Meta a couple of months back but this has been spelled out only one by its future CTO Andrew Bosworth in a note sent to its employees.
Long Overdue Entry
The company has long been trying to enter into the crypto and blockchain market in a big way, but its progress has been slow due to the various regulatory challenges it faces worldwide. Some critics feel that it has simply grown too big for the regulators to view it kindly any longer as the company looks to pivot its business more into the world of fintech and blockchain. The regulators are worried that the company might be stepping on their toes as it looks to wean away from the users from the real world to the metaverse by its rebranding and by delving more into virtual reality and crypto.
Bosworth signaled that the company would be interested to work with other Web3 companies but also sounded a note of caution as it has to ensure that it continues to operate within the regulatory framework in the coming months as it looks to pull off one of its most audacious moves in recent years.
Continue Reading: https://financefeeds.com/meta-looking-focus-blockchain/
Long Overdue Entry
The company has long been trying to enter into the crypto and blockchain market in a big way, but its progress has been slow due to the various regulatory challenges it faces worldwide. Some critics feel that it has simply grown too big for the regulators to view it kindly any longer as the company looks to pivot its business more into the world of fintech and blockchain. The regulators are worried that the company might be stepping on their toes as it looks to wean away from the users from the real world to the metaverse by its rebranding and by delving more into virtual reality and crypto.
Bosworth signaled that the company would be interested to work with other Web3 companies but also sounded a note of caution as it has to ensure that it continues to operate within the regulatory framework in the coming months as it looks to pull off one of its most audacious moves in recent years.
Continue Reading: https://financefeeds.com/meta-looking-focus-blockchain/
