Meta shuts down Novi crypto wallet service

ANKARA, TURKEY – MAY 27: In this illustration photo, the logo of

Meta is fully committed to developing the metaverse industry, while at the same time taking away the experiments of the past.according to Bloomberg of the discovery, their crypto wallet service Novi It will be officially shut down on September 1, 2022, and the last deposit date is July 20. Users are also advised to withdraw their balance as soon as possible.

Novi is a “small pilot test” that Meta started in October last year, but at the time did not support its own cryptocurrency Diem (formerly known as Diem). Libra).Immediately after a month, the head of Meta cryptocurrency David Marcus Resign, and in early 2022 will also sell Diem’s ​​assets and shut down services.

That said, Meta just renamed their Facebook Pay last month Meta Pay, and CEO Mark Zuckerberg described the change as the “first step” in creating a digital wallet in the Metaverse, because he envisioned that Meta Pay will become the role of buying, selling, and storing collections in the digital world. So Meta did not give up the business of encrypted wallets, but added related functions to a tool that everyone is more familiar with.

For more Metaverse and NFT related articles, please go to“Engadget Metaverse Classroom”

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