“ We ’ re decidedly looking at the numeral of ways to get involved in the space because we think we ’ re in a actually full put to do therefore, ” Facebook administrator David Marcus said Tuesday in an interview on Bloomberg Television .
Facebook ‘s Novi digital wallet could be used to hold NFTs, an white house said hypertext transfer protocol : //t.co/YrQfjtDhCd— Ad Age (@adage) August 25, 2021
Marcus is the go of F2, or Facebook Financial, the inner group developing the party ’ south Novi digital wallet. According to Marcus, the wallet could be used to hold NFTs.
“ When you have a commodity cryptocurrency wallet like Novi will be, you besides have to think about how to help consumers support NFTs, ” he said. “ We ’ re decidedly thinking about this. ” however, he was not specific about the kinds of NFT-related products Facebook might build .
Marcus added that Novi is “ ready ”, but the company has been waiting to launch aboard Diem, the digital currency previously known as Libra. It was co-founded by Marcus from within Facebook in 2019 .
Diem is slated to offer a alleged stable coin backed by the US dollar, but it is indecipherable when the coin will be introduced. Although Facebook is a partner on the project, Diem is run independently as it faced huge pushback from lawmakers when it was unveiled .
Without more initiation in payments technology, Marcus said, countries in the West like the US will struggle to keep up with China in adapting to a earth where digital payments are dominant.
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NFTs are surging in popularity
The popularity of NFTs has been rising wildly. OpenSea, the world ’ s largest NFT market, has recently reached a major milestone — surpassing $ 1 billion in NFT transaction volume .
Ethereum-based NFT bet on Axie Infinity besides crossed US $ 1 billion in sales. Axie Infinity is a turn-based real player game ( RPG ) that allows users to buy, sell, trade wind, breed, and struggle cuddlesome digital pets called “ axies ” .
More big companies and institutions are besides buying into NFTs .
Digital payments giant Visa revealed that on August 18, it had spent US $ 150,000 to purchase its first non-fungible nominal ( NFT ) — CryptoPunk 7610.
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The CryptoPunk collection is one of the most popular NFT collections, and exploded in popularity over the past few weeks. This led to OpenSea, the world ’ mho largest NFT marketplace registering a transaction volume of over US $ 1.1 billion this year .
Featured Image Credit : Hackernoon
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