Facebook Became Meta A Year Ago: Here's What It Achieved

The company changed its name on October 28, 2021, reflecting growing ambitions to transcend social media and access Web3 and the metaverse .

It's been just over a year since social media giant Facebook was rebranded as Meta at the Facebook Connect conference on October 28, 2021.

The name change reflects the company's growing ambitions to transcend past social media and enter the world of Web3, crypto, NFTs and the metaverse – virtual worlds where consumers are likely to spend more time for work and leisure.< /p>

The company has been busy.

In December 2021, Meta launched its virtual reality social network project Horizon Worlds, while also opening up advertising for more crypto listings on Facebook.

In April 2022, reports surfaced that the company was considering a digital currency designed for use in the metaverse, internally dubbed "Zuck Bucks", although no further updates on the project were forthcoming. view from.

In May, the company filed five trademark applications for a payment processing platform supporting cryptocurrencies and digital assets called Meta Pay.

In September 2022, the company announced that 2.9 billion users would have the ability to post digital collectibles and NFTs they own to Facebook and Instagram in 100 countries by linking their wallets.

Meanwhile, on October 11, Meta announced a partnership with tech giant Microsoft to integrate a range of Microsoft Office 365 products into Meta's virtual reality (VR) platform to incentivize people. 'other companies to work in virtual environments.

However, the year has not been without its challenges, particularly when it comes to the company's Met...