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The Sandbox Co-Founder Says Meta Acquisition Rumor Is 'Totally Fake'

Responding to swirling speculations Meta (formerly Facebook) is acquiring The Sandbox, co-founder and COO of the metaverse startup Sebastien Borget says "it's totally fake," adding, "I hope it will never be happening." Plus, his thoughts on what Meta is getting wrong about its metaverse plans and the wider race among tech giants to dominate metaverse technology.

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Markets

Pionero en Asia: Los Precios de criptomonedas se desploman en las últimas horas tras los débiles resultados de Meta

Bitcoin y Ether cayeron drásticamente después de que la compañía anteriormente conocida como Facebook dijera que su división de realidad virtual/aumentada perdió $ 10 mil millones en 2021.

People taking a plunge. (Mike Powell/Getty Images)

Finance

Meta reporta pérdidas de $10,2 mil millones en operaciones de realidad aumentada y virtual en 2021

La compañía anteriormente conocida como Facebook también reportó ingresos en 2021 por $2.3 mil millones de dólares de la división recién creada.

(Justin Sullivan/Getty Images)

Videos

Where Is Diem Creator David Marcus Headed Next?

David Marcus, co-founder of the Diem project (formerly Libra) originally launched from Meta (formerly Facebook), tweeted Tuesday, predicting that bitcoin will be the No. 1 asset in the next 20 years, while the No. 2 asset is yet to be determined. This comes as Silvergate Bank confirmed Monday Diem is shutting down.

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Videos

Diem Confirms Shutdown as Silvergate Acquires the Project’s Assets

CoinDesk’s Nikhilesh De weighs in on Silvergate Bank confirming Monday it’s purchasing the technology and other assets from Diem, the stablecoin project from Meta Platforms (formerly Facebook) announced as Libra in June 2019.

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Finance

Diem confirma el cierre tras la adquisición de los activos del proyecto por parte de Silvergate

Facebook (ahora Meta) está cerrando oficialmente el proyecto de moneda estable que anunció en junio de 2019.

(Nick Otto/Bloomberg via Getty Images)

Videos

Meta Joins Block’s Crypto Open Patent Alliance as Diem Reportedly Winds Down

Meta (formerly Facebook) is joining the Crypto Open Patent Alliance (COPA), a consortium of tech and crypto companies led by Jack Dorsey’s payments company, Block (formerly Square). This comes as Meta winds down its Diem project, reportedly selling its intellectual property to Silvergate Bank for $200 million to pay back investors.

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Finance

Meta se une a la Cripto Open Patent Alliance de Block mientras Diem, según se informa, cierra.

Al unirse a COPA, se espera que las “patentes de Tecnología Cripto CORE ” de Meta eviten litigios futuros.

(Justin Sullivan/Getty Images)