Meta dumps its crypto-wallet after less than a year
— Zuckerberg got raked, Web3 space, Assets, Audio player loading … facebook, Money, Sold, Intended, Cryptocurrency, July 21, Balance — 1 min read
Facebook's Novi will shut down on September 1, 2022, less than a year after pilot began. Novi was a money-transfer service based around Meta's proprietary crypto-wallet. Facebook founder Mark Zuckerberg has been trying to build his own'stablecoin' platform Diem. This will not of course be the end of Meta's forays into crypto, and a statement provided to Bloomberg makes clear it's more like the tip of the shitberg: "You can expect to see more from us in the web3 space because we are very optimistic about the value these technologies can bring to people and businesses in the metaverse," it says. The service provides instructions on how to withdraw any balance: one of the few benefits of something like this being backed by Source