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MetaConnect Event Fuels Speculation: How Meta’s AI and Blockchain Endeavors Impact Altcoins

Meta, formerly Facebook, is set to host MetaConnect, a two-day event scheduled for September 27-28. With a primary focus on artificial intelligence (AI) and virtual, mixed, and augmented realities, this event has the tech community buzzing with anticipation.

In light of Meta’s history of fruitful collaborations within the blockchain space, there’s heightened curiosity about potential announcements. Here, we explore some of the altcoins linked to Meta and their significance in the evolving landscape.

Oasis Network (ROSE): Oasis Labs joined forces with Meta to evaluate AI fairness using Secure Multi-Party Computation (SMPC). The project’s core objective is to promote unbiased AI and bolster user privacy—a testament to Meta’s commitment to ethical tech.

Flow (FLOW), Polygon (MATIC), Solana (SOL): Meta made waves when Instagram revealed its support for NFTs based on Ethereum, Polygon, Solana, and Flow blockchains. This move significantly expands the NFT ecosystem within the Meta umbrella.

Trust Wallet (TWT): As Meta announced its support for this third-party wallet, it signifies a strategic step toward embracing the broader crypto community. The integration of Trust Wallet may have lasting implications for the Meta ecosystem.

Arweave (AR): Meta relies on Arweave to store creators’ digital collections on Instagram. This partnership reinforces the importance of decentralized and permanent data storage solutions in Meta’s operations.

Ceek VR (CEEK): The collaboration between Ceek and Meta raises intriguing possibilities in virtual reality and metaverse development. It is a testament to Meta’s ambition to diversify its tech portfolio.

Meta discontinued NFT support on Instagram and Facebook earlier this year due to legal concerns. However, the company hinted at a continued commitment to Web3 and NFTs, indicating that blockchain remains on its radar.

Other major players like Microsoft and Google are strengthening their AI and blockchain initiatives. Microsoft’s partnerships with Aptos and LeverFi, alongside Google Cloud’s collaboration with LayerZero, underscore the industry’s growing interest in these technologies.

In this landscape, it seems unlikely that Meta will entirely abandon its blockchain endeavors. As MetaConnect approaches, the crypto world is on the edge of its seat, eagerly awaiting the next moves from this tech giant. The impact of Meta’s actions on the associated altcoins and the broader blockchain ecosystem is a story that continues to evolve, promising exciting developments ahead.

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