The decision comes in the wake of Facebook, now rebranded as Meta, changing gears with respect to launching its own cryptocurrency. Some believe the move will be a boon for the industry in general.
“With more openness and transparency for what crypto companies can do, we will see more adoption for the cryptocurrency industry and the metaverse than ever before,” said Henry Love, managing partner of Fundamental Labs, according to the article. “This is a game changer for mass adoption.”