Mark Zuckerberg is creating virtual coins for your fave social media apps
What can I buy with these 'Zuck Bucks'?
Founder of Facebook and its parent company, Meta; Mark Zuckerberg, is always busy trying to advance these social platforms or create something better.
Meta has recently been reported to be working on a virtual currency for its apps - Facebook, Instagram, and WhatsApp.
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'Zuck Bucks', as these virtual coins have been named by Meta employees, are the company's solution to reduce their dependence on advertising in the future.
Meta is exploring new ways to further monetise its user base.
This is all according to The Financial Times, who were the first to report this story.
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So what exactly can you expect?
You know TikTok has an option where fans can buy coins to buy gifts for their favourite creators, right? Creators can also buy coins to use additional tools like Promote to boost their TikTok video’s profile, increasing viewers or followers.
Meta is hoping to develop something along these lines.
The coins will include “social tokens” or “reputation tokens”, which will be used as rewards by users. “Creator coins” would be used by influencers on Instagram.
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Financial Times reports that this is still in early planning stages.
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