Meta

Mar 25 2022

Meta Files 8 Trademark Applications Dedicated To Crypto and Metaverse

Meta Inc., the parent firm of popular social media platform Facebook is setting all the chords right to emerge as a strong player in new-age tech fields like crypto and metaverse. To execute its expansion plans in the sector, Meta has filed eight trademark applications with the U.S Patent and Trademark Office (USPTO) for seeking logo approval on new services and products. The firm is looking forward to exploring multiple fields related to virtual assets including digital tokens, crypto trading, digital wallets, crypto exchanges, and blockchain technology solutions.

On Wednesday, Mike Kondoudis, a USPTO-licensed trademark attorney released a tweet highlighting the eight applications filed by Meta seeking approval from the regulator. The company filed for approval on March 18, 2022, signaling its growing interest and trust in the potential of cryptocurrencies and metaverse technology.

The official added that the applications forwarded by Meta are a blueprint for the future plans of the firm concerning its engagement in metaverse and crypto space. He showed confidence in Meta saying that only a firm with such scale and capacity to support metaverse development can fulfill the plans elaborated in the applications by the team. Interestingly, a large number of multinational firms have shown interest in expanding their business operations to crypto, blockchain, and metaverse technology. There has been a constant growth in the popularity of projects related to digital assets amongst firms as well as investors. Today, we can find an insane craze for cryptocurrencies amongst celebrities hailing from the field of sports, music, movies, etc.

The sector has seen tremendous support from global food companies like McDonald’s, Burger King, Panera Bread, and Panda Express. Burger King filed its application for trademark logo on the same day as Meta. The application incorporates a variety of elements covering blockchain technology, crypto trading channels, metaverse-based restaurants, Non-Fungible Tokens, etc. Following the footsteps of cryptocurrencies, Metaverse has earned a strong position in the market space.

Facebook rebranded itself as Meta to explore the potential of the virtual tech space. Technology and software giants like Microsoft, Google, and Apple have also delved into the Metaverse world with their innovative products and services for customers. Renowned investment bank Goldman Sachs speculated that the Metaverse domain is capable of reaching the $8 trillion mark in the future. Global brands like JPMorgan and HSBC have also kickstarted their expedition in Metaverse.

The users willing to enhance their skills in cryptocurrencies and blockchain technology can do so with Blockchain Council’s certificate courses. The courses are designed by experts to offer in-depth knowledge and practical skills to the participants.

If you want to keep up with the trends of blockchain industry, join our communities on Discord, Reddit and Telegram.

%post_title%

Blockchain Weekly Source

Nov 18 2021

DAY LONG NEWS ROUNDUP: LATEST NEWS 18/11/21

If you are dealing in crypto, then experiencing constant turnarounds might have become a ‘routine errand’ for you. Fetching worthy content from the huge pile of everyday information can help you become a ‘pro’ learner. So, here is a list of top crypto news that can affect your investment plans, take a look:

India to lower the GST on cryptocurrency exchanges from 18% to 1%

Hailing as the latest addition to the fast-growing list of crypto hubs, India has decided to reduce the Goods and Services Tax paid on crypto exchanges to 1% per transaction. Seen as a turning point for crypto in the Indian subcontinent, the new policy will lead to the reclassification of cryptocurrency exchanges as e-commerce portals. Currently, virtual asset holders are required to pay a transaction fee of 18% for every transaction executed on the exchange.

According to the report, the new proposed GST rate can cause a surge in tax liability for some investors depending on the official domicile of the exchange. The trading fee structure on crypto exchanges is equivalent to the brokerage system of India’s stock exchange platforms. With crypto emerging as a strong financial tool for Indian investors, the government is keeping a vigilant eye on the industry. Special emphasis is being given to formulating a strong legal framework for the management of virtual tokens and trading exchanges.

In July 2021, Business Insider India in its report revealed that the central government might urge foreign crypto exchanges to levy an 18% GST charge, equivalent to native exchanges, from Indian investors. As foreign crypto exchanges are free from the burden of GST registration in India, it creates a huge difference between traders of other exchanges. The inclusion of GST is necessary to bring parity between overseas and Indian crypto exchanges.

Despite all the crucial steps, it is seen that the Indian legal authorities are divided on the idea of crafting a regulatory structure for cryptocurrencies. The proposed guidelines will categorize crypto tokens as commodities. This will help to remove restrictions on the trading of crypto. The idea of blockchain technology was publicly acknowledged by Prime Minister Narendra Modi as well. The industry saw a surge in 2020 when the Supreme Court of India annihilated the ban imposed by the Reserve Bank of India on the crypto field.

Meta previews haptic gloves in the VR Metaverse, bringing it closer to reality

Feeling confused about what actually Metaverse means? Well, in my opinion, you should switch from theoretical meaning to practical usage of the term for better understanding. Following the latest trend, Meta, the new name adopted by social media giant Facebook, has unveiled a preview of haptic gloves that offer sensory responses in digital spaces. With this project, Facebook has displayed a sample of its potential in the field of Virtual Reality Metaverse.

On November 16, 2021, a team of experts at Meta shared a video showcasing two individuals using the haptic gloves in a demo Metaverse. The blog post highlighted the latest developments achieved by Meta’s VR technology firm called Reality Labs related to haptic gloves. The team has been working on the gloves for seven years to bring a revolutionary change in the VR field. The individuals shown in the video were seen using the haptic gloves to do a lot of activities including playing Jenga within the Metaverse. They used the gloves for picking up blocks, shaking hands, throwing objects, etc.

Meta shared that the haptic gloves give necessary instructions to the actuators of the hand in a similar fashion as a tracking tool. The gloves come packed with a small soft robotic motor that works in sync to offer a real-like hand movement experience in Metaverse. The post conveyed that the haptic tools will not be currently available for public purchase. The team is looking forward to creating a dedicated VR Metaverse for users similar to the setup of Ready Player One movie. The company envisions bringing the best integration of VR technology and virtual gaming in a live Metaverse.

The market is anxiously waiting for Meta to unveil an ‘open Metaverse’ as its blockchain-empowered counterpart in the crypto industry. Some experts are also opining that Meta might win dominance over the sector in the future. The share value of Meta’s stock has surged by 9% post the announcement of the haptic gloves launch by the firm.

%post_title%

Blockchain Weekly Source

Oct 29 2021

Facebook Changes To Meta In A Rebranding Effort

The global social media giant Facebook has altered the name of its parent company to ‘Meta’. Many believe this is an attempt from the tech giant to surpass and move away from their reputation as a social media platform that is often plagued by controversies and scandals, towards their vision for the future that is focused on developing a global community of individuals based on technology of virtual reality.

The new announcement has been revealed as the company is trying to fend off one of the worst situations it has ever been in. They are channeling their ambitions towards the ‘metaverse’, a vision that would blur the difference between the digital world and the physical one.

Billions of people around the world are using Whatsapp, Facebook and Instagram on a regular basis and it has been announced that the rebranding will not affect the names of these social media applications and will get to keep them. Some of the critics have also pointed out that the rebranding of the company is an attempt to distract the public from the various dysfunctionalities of the social media platform.

Mark Zuckerberg, the Chief Executive Officer of Facebook clearly stated that they have learnt a great deal from struggling with compelling social issues and so far we have lived under platforms that were closed in nature. However, according to him, this is an attempt to put into practice everything that they have learnt so far and take the social media experience to its next stage of evolution.

He announced that he is indeed proud to introduce Meta, which is the new name for the global social media giant. However, he also said that even though the parent company is changing names, their brands and applications remain unchanged.

The Metaverse

The social media giant has been facing a complicated situation ever since Frances Haugen, a former employee leaked some serious documents which entailed that the executives working in Facebook were aware of some of the harming potentials of Facebook.

However according to a report from the Washington Post states that the introduction to the virtual metaverse comes as a huge push from the company in order to rehabilitate the reputation of the social media platform in front of the policymakers and reestablish the company to position them as the pioneer of the next generation of internet technologies.

In a video message spanning more than one hour, Mark Zuckerberg had demonstrated his idea of the virtual world and he even dubbed this vision as the future that is about to unfold in front of our very eyes.

He further added that within the duration of the next decade, the Metaverse will touch billions of lives across the world, facilitating billions of dollars worth of digital commerce and business worldwide, creating job opportunities for millions of developers and creators globally. The Metaverse will transform the way we communicate with each other and conduct our daily affairs.

During the demonstration, he pointed out that in order to reach that level of the Metaverse, their company is looking to achieve significant technological breakthroughs, at least a dozen of them. Facebook recently announced that they are planning to hire around 10,000 people in the European Union for constructing the Metaverse and Mark himself would be the leading promoter of the metaverse concept.

Conclusion

The term metaverse is in fact, a part of science fiction. It was coined in 1992 by Neal Stephenson for his novel “Snow Crash” where he had portrayed a game-like future world where people interact with each other while wearing virtual reality headsets. So if you want to be a Blockchain Expert and are keen to know more about blockchain technology and cryptocurrencies, check out online certifications and courses on Blockchain Council.

%post_title%

Blockchain Weekly Source