Facebook Parent Meta Is Working on a Wallet for the Metaverse

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What’s happening

Meta is working on a digital wallet for the metaverse, virtual worlds where people will be able to work, play and socialize.

Why it matters

The move shows how e-commerce is part of how Meta plans to make money from its metaverse ambitions.

Meta CEO Mark Zuckerberg said Wednesday the company is working on a digital wallet for the that will allow people to manage their digital items, identity and payments.

“Ideally, you should be able to sign into any metaverse experience and everything you’ve bought should be right there,” he said in a . “There’s a long way to get there, but this kind of interoperability will deliver much better experiences for people and larger opportunities for creators.”


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