Meta aims for ‘deep compatibility’ with blockchain
Aims to adopt blockchain before others
Meta, Facebook’s parent company, is aiming for “deep compatibility” with blockchain technology, according to an internal post.
In the note to employees, which was obtained The New York Times, Andrew Bosworth, Meta’s upcoming chief technology officer, explored Meta’s plans of exploring decentralized autonomous organizations (DAOs) and NFT-related business avenues.
Bosworth urged caution but noted that blockchain technologies could have “profound impacts on our industry over the next decade,” adding that Meta should aim to adopt the technology before its competitors.
“My overall guidance is to target a deep compatibility with the blockchain,” he wrote. “There aren’t many places where I expect us to depend on it exclusively yet, but if we see an opportunity to work jointly with entrepreneurs in the web3 space I expect it will be worth the effort.”
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