Even though the first initiative to launch a cryptocurrency failed, Meta still seems to have not given up on implementing a digital currency on its respective platforms.

Meta is exploring the possibility of launching digital currency

According to sources in the Financial Times (via Engadget), Meta is currently “exploring” the possibility of developing a digital currency for the metaverse, creating different versions for ‘influencers’ on Instagram and members of groups on Facebook.

It is believed that this project is still in an embryonic stage and that, at this point, it may even eventually be canceled or significantly altered as it develops.