Meta’s (Facebook) Big Event is Near: Which Altcoins Are Meta-Linked and Could Be Impacted by the Event?

The company Meta, formerly known as Facebook, will host a major two-day event called MetaConnect on September 27-28. The event will primarily focus on artificial intelligence (AI) and virtual, mixed and augmented realities.

Considering Meta's history of blockchain collaborations, the tech community is anticipating what the company might announce this time around.

Here are some of the altcoins linked to Meta:

• Oasis Network (ROSE): Oasis Labs had partnered with Meta to evaluate AI fairness using Secure Multi-Party Computation (SMPC). The project aims to promote unbiased artificial intelligence and enhanced user privacy.
• Flow (FLOW), Polygon (MATIC), Solana (SOL): Instagram announced support for NFTs based on Ethereum, Polygon, Solana and Flow blockchains.
• Trust Wallet (TWT): Meta announced that it provides support for this third-party wallet.
• Arweave (AR): Meta uses Arweave for storage of its creators' digital collections on Instagram.
• Ceek VR (CEEK): Ceek announced that it had established a partnership with Meta.

Earlier this year, Meta ended NFT support on Instagram and Facebook due to legal issues, but hinted that it would continue to work on Web3 and NFTs.

On the other hand, other major companies such as Microsoft and Google are also strengthening their artificial intelligence and blockchain initiatives. While Microsoft partnered with Aptos and LeverFi, Google Cloud also collaborated with LayerZero.

Given the growing interest in cryptocurrencies and Web3 among large companies, it seems unlikely that Meta will abandon blockchain altogether.

*This is not investment advice.