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In a note to employees, Meta’s new CTO, Andrew Bosworth, outlined a vision for how the social network will implement and work with various blockchain technologies and cryptocurrencies.
While blockchain technology was originally designed to take power from giants like Facebook, Google and Amazon, it has recently become a major topic of conversation in Silicon Valley. Some tech giants, like Google, are still hesitant to embrace technology that will, in effect, weaken their centralization. Others, however, seem to be more willing to tune in to what the new Web3 movement has to offer.
Meta, the parent company of Facebook, is one such company. Its new CTO, Andrew Bosworth, who will take office in 2022, has big plans for the company, and they include the use of blockchain technology.
And while he said that Meta should be careful and avoid drastic changes, he also noted that they should strive to implement these technologies before others.
Bosworth believes blockchain could have a profound impact on the tech industry in the next decade.
“My overall guideline is to aim for deep blockchain compatibility,” he wrote. “There are not many places yet where I expect we will depend solely on him, but if we see the opportunity to collaborate with entrepreneurs in the web3 space, I think it will be worth the effort.”
In his note, Bosworth said Meta should develop ways to work with NFT and consider investing in areas such as smart contracts and DAOs.
However, Bosworth’s openness to NFT, DAO and other Web3 capabilities does not mean that the company is striving for decentralization. He takes the position that Facebook is and always will be a centralized service, so it should not compete with decentralized technologies.
“While most people enjoy using Facebook and Google, some do not. And those who do not are disproportionately involved in creating a truly impressive wave of technology.”
#Meta #plans #explore #NFT #DAO
