Meta, formerly Facebook, is venturing deeper into the arena of metaverse and Web3. In a latest development, the company has launched its own wallet service as a universal payment mode that could be used in physical as well as the virtual world of the metaverse. The name of this wallet service is Meta Pay, which is essentially an evolution of Facebook Pay. Meta Pay will open accessibility to a wider array of digital goods that will bring along their proofs of ownerships, the company claims.

Mark Zuckerberg, the chief of Meta, revealed more details about Meta Pay in a Facebook post.

“Beyond the current features, we're working on something new: a wallet for the metaverse that lets you securely manage your identity, what you own, and how you pay,”

Zuckerberg, 38, said in his post.

Zuckerberg has said that, in the Web3 world, the proof of ownership will gain more importance in the coming days as creators will start working on digital clothing, art, and videos tailored for an immersive metaverse experience.

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Waste of funds for who dey pay, who dey receive d cash dey happy go bang