Meta, the parent company of Facebook, is aiming for “deep compatibility” with blockchain technology, according to an internal contribution by a senior executive on Tuesday.
In the notice to staff received by the New York Times, Andrew Bosworth, who will become Meta’s Chief Technology Officer next year, set out a vision for the social network that includes and with different blockchain technologies or cryptocurrencies works collectively known as web3.
Mr.Boswortorth asked caution, but said that the company should try to accept technologies in front of others, suggesting that the blockchain technology, which are substantially distributed in accounting systems, could have “deep effects in our industry in the next decade”.
My general guide is to seek deep blockchain support, he wrote. There aren’t many places I hope we will rely on entirely, but if we see an opportunity to work with entrepreneurs in the Web3 space, I hope it will be worth the effort.
Technologists, entrepreneurs and investors in the technology industry have discussed the future architecture of the Internet, with some believers who offered decentralization of blockchain technology to awaken the power of the giants, including target and Google
But while Google was reluctant to dive into crypto, Meta has been experimenting with crypto, including efforts to create a global digital currency that could be used by Facebook and WhatsApp users. Meta last month after the digital currency changed its name and came under regulatory scrutiny.
In his post, Bosworth, who oversees Meta’s augmented and virtual reality efforts, said the company should develop methods to work with non-fungible tokens, which are assets that are verified using blockchain technology while potentially investing in areas that include contracts -based and autonomously decentralized. Organizations that are native internet cooperatives managed by cryptocurrency tokens.
Still, he urged the Meta staff not to correct too much by relying solely on decentralized technology.
While most people enjoy using Facebook and Google, some don’t, he wrote. And those who decide not to participate are disproportionately involved in creating a truly impressive wave of technology.
One of Meta’s board members, Marc Andreessen, who heads the venture capital company Andreessen Horowitz, has created special funds to invest in Web3 companies and technologies.
Meta did not immediately respond to a request for comment.
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