Facebook (FB) announced Friday that it has formed a new company called ‘Meta’. The news comes as the Senate is set to vote on stronger privacy protections for Facebook users, following significant scrutiny of the social network’s data practices. The metaverse will be a 3D virtual world that will be 'more immersive'.

The House passed new privacy legislation this week. It will require companies like Facebook to get their users' permission before they can share their personal information with advertisers.

The new company is led by Meron Gribetz, who has been described as a "reality visionary." When asked about what its business strategy will be, Facebook said it's focusing on hardware and software development through the lens of augmented reality (AR). CEO Mark Zuckerberg announced that the 3D world would include NFTs.

"It’s going to take ecosystem building, norm setting, and new forms of governance and this is something that we’re really going to focus on,” Zuckerberg said.

Pundi X has been building out a network of retail devices over the past couple years. The company has a goal of enabling "any store to buy, sell and accept cryptocurrency as payment." The company's initial plan was for consumers to spend their digital tokens on everyday items from groceries to transportation. Now it seems Facebook is pushing NFTs into that same physical, real-world realm.

**Privacy will be built in Facebook Metaverse from "day one"**
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Zuckerberg assured the public that privacy and safety will be built into the metaverse along with interoperability.

He reiterated; "Privacy and safety need to be built into the metaverse from day one.”

And so we've gone from a world of isolated VR headsets, to one where we will have our own token economy that locks us into an all-encompassing social metaverse. This isn't science fiction anymore. What used to feel like the distant future is now just around the corner.



Facebook Metaverse Will Feature NFTs

McLaren Racing have announced that they are launching their first collection of digital art NFTs on the Tezos blockchain. The collection enables buyers to build their own digital MCL35M Formula One car by purchasing parts of the popular F1 car.

You can unlock your first part of the MCL35M for free when you register through the collections website [here](https://mclarenracingcollective.com/redeem/MXfk65f3-Hsg_UcEdPDWEjojQUBWYGTc?%24web_only=true&_branch_match_id=959817314322695021).

## McLaren and Tezos Partner 

The first collection drop will include 22 digital components, and aims to serve a global community of collectors and fans.

The McLaren Racing team's Official Technical Partner, Tezos, are collaborating with McLaren to create the NFTs. Launching on the Tezos blockchain will ensure energy-efficiency for collectors.

According to the McLaren [website](https://www.mclaren.com/racing/partners/tezos/mclaren-racing-creates-mclaren-racing-collective/), the first collector to complete a full MCL35M digital F1 car will be rewarded with a VIP race weekend experience next year. The initiative hopes to drive long-term engagement with fans.



McLaren Racing Team Launch NFTs

Rolls- Royce have confirmed that they are commissioning a one-off NFT. The Black Badge NFT will be based on the new Ghost car which is shown in the digital animation. However, this has not been officially confirmed by the company.

Black Badge is Rolls- Royce's top of the line offering that allows customisation of their bespoke collective cars. The company found inspiration from company's such as COMME des GARCONS for the Black Badge offering.

## 'Proudly Practice Self-Expression'

Rolls-Royce Chief Executive, Torsten Muller-Otvos says "Black Badge is an attitude that represents an authentic and confident response to the desires of a new group of clients who proudly practice bold self-expression".

The artist behind the NFT is [Mason London](https://masonlondon.com/videoandanimation). Mason London is a freelance designer, illustrator and animator based in London. Mason London has done previous work for the likes of Nike, Wiley and Adidas.

The NFT is said to debut on the 28th of October.

For more NFT news, see [here](/news/category/nft-news).


NFT News: Rolls-Royce to Release NFT

Pierre Gasly has announced that he will be auctioning his own NFTs on the Fantom blockchain. Gasly is a Formula One driver for the Scuderia AlphaTauri team.

The unique NFTs will be redeemable for unique experiences with the driver and merchandise. Some of the prizes include VIP experiences, meet and greet with Gasly and collectable items such as his helmets.

## Gasly's First NFTs

Gasly tweeted: "LAUNCHING MY FIRST NFTs. Super excited to drop my first NFTs with Fantom tomorrow, it has been a very cool project so far, and I’m happy to share it with you now."

Gasly is the first F1 driver to drop a collection of NFTs and with Fantom being a 2021 sponsor of AlphaTauri, what better way to collaborate by combining motorsport with blockchain technology.

You can take a look at Gasly's collection [here](https://gasly.artion.io/#drop).

F1 Driver Pierre Gasly Launches NFTs

The newly announced [Coinbase](https://www.coinbase.com/) NFT platform already has more than 1.35 million people on the waiting list.

Coinbase Global Inc., a popular and heavily used ‘gateway’ for new investors making their first purchases of cryptocurrency like bitcoin and Ether, recently announced a soon-to-be-launched platform dedicated exclusively to trading of Non-Fungible Tokens (NFTs). It will be known as Coinbase NFT.

Since being founded in June 2012, Coinbase has experienced explosive growth in terms of the company’s popularity with cryptocurrency newcomers. The popularity of the exchange can be attributed primarily to how well the company’s trading platform accommodates newbies making their initial cryptocurrency purchases.

## Coinbase Announce NFTs

Now, with Coinbase NFT it hopes to become the next “first stop” for investors who have developed an appetite for the raging NFT market. And why not? The NFT market went stratospheric in the third quarter, recording a mind-boggling sales volume of more than $10 billion. 

Historically, much of the NFT trading activity has taken place on exchanges like Nifty Gateway, Rarible, and OpenSea. The latter of the three, OpenSea, has thus far handled the lion’s share of the market’s NFT trading volume. In fact, the site saw more than $3 billion in transaction volume in the last 30 days alone. Should Coinbase NFT be as successful as the company was with their original cryptocurrency platform, the company stands to gain considerably from a very lucrative NFT exchange market.

## What are NFTs?

While it’s hard _not_ to be aware of the recent NFT mania, there are those of us still struggling to gain a clear understanding of what these little rascals truly are. For my part, NFTs are certainly a niche market, _very_ niche. And their explanation is comically simple: NFTs are _digital versions_ of collectible items, like digital art. That’s it. Ultimately, NFTs give investors the ability to lay claim to digital content that they can store in personal digital wallets like they can with other cryptocurrencies. The types of NFTs are widely varied, but the NFTs that have been especially newsworthy lately are digital artwork NFTs.

According to Coinbase, their new NFT platform will be a digital marketplace “where you can mint, collect, discover, and showcase your NFTs, all in one place.”  If the new Coinbase NFT platform is successful at demonstrating that the process of buying NFTs can be just as simple as it is to buy cryptocurrencies, then Coinbase popularity will only further accelerate once their NFT site is online. 

## A New Way of Art Collection

The fun and pride-of-ownership that are so inherent in certain collectibles, like baseball cards, has always been something we enjoyed not only as kids, but as adults as well. Once an easy-to-use platform like Coinbase NFT is available, it will likely generate an entirely new segment of art collectors in our society, and that’s a good thing for the artists behind the NFTs.

1.3 Million in Line for New Coinbase NFT Platform

Visa has recently launched an NFT- centric programme with creator of the NFT character, Aku, Micah Johnson, who is a well known artist amongst the crypto community.

The aim of the programme is to create a range of Visa collectibles using blockchain technology and support the creator economy.

## Visa Crypto Collectible

The first piece of work is an exclusive Visa Crypto Collectible card which demonstrates how cryptocurrency works on the Visa network. The card uses NFT technology to bring this all together so it’s only available as a digital asset.

The Vice President and Head of Crypto at Visa, Cuy Sheffield, tweeted "We believe that we are at the beginning of digital renaissance in the world of art and content creation- a flourishing ecosystem of artists, musicians, writers, photographers and curators building communities at the intersection of culture and commerce".

For more NFT news, see [here](/news/category/nft-news).

Latest Moni

Latest NFT News | Page 4

Read the Latest NFT News.

Facebook Metaverse Will Feature NFTs

McLaren Racing Team Launch NFTs

NFT News: Rolls-Royce to Release NFT

F1 Driver Pierre Gasly Launches NFTs

1.3 Million in Line for New Coinbase NFT Platform

VISA News: NFT Programme Launched

Russia using crypto to bypass sanctions

Mark Cuban believes crypto bear market will reverse when apps become useful

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