Meta is going to hold an event on cryptocurrencies and artificial intelligence (AI) tech innovations.
Meta is one of the top-level companies which has hands in several social media platforms e.g. Facebook, Instagram, Thread, etc. In history, Meta tried to launch its crypto wallet & stablecoin but failed because of the regulatory pressure & lack of trust among the customers, as Meta sold huge amounts of customer data to other companies only for money.
Meta will hold a two-day event called “MetaConnect”, on 27 & 28 Aug. The event will remain focused on artificial intelligence (AI) and virtual, mixed, and augmented realities. Reportedly they have plans to discuss cryptocurrencies, as Meta’s VR business unit connected with Oasis Network (ROSE), Flow (FLOW), Polygon (MATIC), Solana (SOL), Trust Wallet (TWT), Arweave (AR), Ceek VR (CEEK).
As per reports, Meta may announce big plans for one of these crypto assets.
It is worth it to note that Meta suspended its support for NFTs & digital collectibles from Instagram this year citing several regulatory issues but it is confirmed that Meta will remain engaged in the sector of Web3 development.
Interestingly Meta failed to talk about AI tech innovations this year despite all other giant companies like Microsoft, and Google showing their tech innovations & also introducing AI technology in their existing services but Meta so far has done nothing.
Meta price action
The trade price of Meta stock is $300 & this trade price of Meta stock is 3.64% higher over the last 30 days of trade price.
However the crypto history for Meta was not much better, as it failed to launch crypto services with full support, but the surging competition among the top companies in this innovative sector is showing that Meta will surely jump in this sector step by step.
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