Meta will introduce a digital wallet for use in the Metaverse as part of the Meta Pay (formerly Facebook Pay) service.
MetaCEO Mark Zuckerberg announced the news in a post shared to his Facebook account. Zuckerberg writes that Facebook Pay, the company’s existing service, is now Meta Pay. This is in line with the brand change that takes place throughout the year.Zuckerberg also showed that Metapay will soon include a “wallet for the Metaverse.” This allows you to securely manage your identity, property and payment methods. “
This will allow him to buy digital items, he said.Digital clothing, art, video, music, experiences, virtual events “—Prove ownership in some way. Zuckerberg said this is important for using these items in various services.
Ideally, you need to be able to sign in to the Metaverse Experience, and everything you buy should be there. There’s a long way to go, but this kind of interoperability offers a much better experience for people and greater opportunities for creators.
Zuckerberg’s remarks on long-term “interoperability” are interesting and may refer to features that work in a wide range of products from different companies, not just meta. Just a few days ago, plans were announced for a new Metaverse Standards Forum with participation from Microsoft, Meta, Adobe, Epic Games, Unity, NVIDIA and more. This announcement is up to date and is a series of updates from Meta and Zuckerberg over the past few weeks. Earlier this week, Meta announced a digital storefront for Avatar clothing, which will soon be in VR. He also introduced new research and development of VR display technology such as retinal resolution and HDR prototype headset.