Meta also showed off new NFT features and a new guide to how NFTs work to help people get started.

For Meta to be putting so much emphasis on NFTs at a time when crypto markets are susceptible and the current NFT trend has been closely linked, seems paradoxical.

Mark Zuckerberg, the CEO of Meta, told customers about upcoming digital payment options. Meta also showed off new NFT features and a new guide to how NFTs work to help people get started.

As part of a larger confirmation of the name change from "Facebook Pay" to "Meta Pay," which Zuckerberg also mentioned, a new "wallet for the metaverse" will let you safely manage your digital identity and purchases.

Zuckerberg, on the other hand, wants to make Meta Pay a universal wallet that can be used to buy or make digital goods in the metaverse. If you want to move some of these assets between services, you'll need to show proof of ownership." Ideally, you should be able to log into any metaverse experience and have all of your purchases available.

On the other hand, he thinks that Meta Pay will become the metaverse's standard wallet. He knows that the kind of interoperability he wants is a long way off, but he says that it will "offer significantly better experiences for users and more opportunities for artists." Everyone should be able to see that Meta would benefit the most from being in Zuckerberg's environment. According to a recent statement from the company, Horizon Worlds takes a cut of about 48% of the sales of its digital assets. A wallet app is another way that the company could make money from metaverse producers.