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Meta
Mysten Labs CEO on Sui Mainnet Going Live
Layer 1 blockchain Sui launched its mainnet this week, as it aims to edge out rivals like Aptos and other DeFi heavyweights. Evan Cheng, co-founder and CEO of the blockchain's core contributor Mysten Labs, shares insights into the benefits and opportunities of Sui and how it aims to stand out from the competition. Plus, Cheng reflects on the lessons learned from previously working on the Meta-led Diem project, formerly known as Libra.

Sui Mainnet Goes Live: What's Behind the Sui Token Surge and Excitement?
Sui, the buzzy layer 1 blockchain founded by ex-Meta Platforms employees, launched its mainnet on Wednesday as it jockeyed to edge out rival Facebook-offshoot Aptos and other DeFi heavyweights. Sui Network tokens (SUI) briefly jumped to $2 apiece minutes after trading began, reaching nearly $690 million in market cap to a fully diluted valuation (FDV) at a staggering $13 billion. "The Hash" panel discusses their outlook for the Sui ecosystem.

Meta to Lay Off 10K Employees, End Support for NFTs on Instagram, Facebook
Meta Platforms Inc. is planning on cutting around 10,000 jobs in another round of layoffs. Separately, the parent company of Facebook and Instagram is winding down its integration of non-fungible tokens (NFTs) on its platforms. “The Hash” panel weighs in on the latest news from the tech giant.

Metaverse Token Gamium Spikes After Meta and Telefonica Partnership Announcement
Metaverse project Gamium’s native token GMM surged by 340% to $0.0025 on Tuesday after the project announced deals with social media giant Meta Platforms (META) and telecommunications firm Telefonica (TEF). "The Hash" panel discusses the latest Web3 push from Meta and Telefonica, bringing mainstream blockchain awareness.

Facebook Parent Meta’s Metaverse Unit Lost $13.7B Last Year
According to its earnings release Wednesday, Meta Platforms (META)'s Facebook Reality Labs (FRL) division, which comprises its augmented and virtual reality operations, lost $13.7 billion in 2022. "The Hash" panel discusses the outlook for Meta's metaverse ambitions.

Aptos Token Price Doubles in Two Weeks Amid Strong NFT Interest
Layer 1 blockchain Aptos' native token has surged over 400% since the start of the year amid increased interest in NFT trading. Aptos Labs Co-Founder & CEO Mohammad Shaikh discusses the potential catalysts for the rally, the outlook for NFTs, and layer 1 competition. Plus, insights into his time at Meta while building the Diem blockchain.

Top NFT Projects Launched on Instagram Are Selling Out in Seconds
NFT creators and collectors saw opportunities to present their digital assets to Instagram, one of the largest social media platforms in the world, since its parent company Meta Platforms began testing out non-fungible token (NFT) sharing early last year. "The Hash" panel discusses what this means to mainstream adoption of NFTs.

Polygon Studios CEO on Partnership With Starbucks
Polygon’s business-development team has managed to land partnerships with major brands entering the Web3 space, including Nike, Reddit, Meta and Robinhood. Polygon Studios CEO Ryan Wyatt, who made CoinDesk's Most Influential 2022 list, discusses the details of their latest collaboration with Starbucks and his outlook for mainstream adoption of crypto.

Facebook Parent Meta's Latest Gameplan to Boost Metaverse
After Meta Platforms (META) famously riled up U.S. regulators with Facebook’s abortive stablecoin initiative in 2019, the company is back with an effort to influence digital policy for the metaverse. "The Hash" team discusses what this means for Meta's metaverse ambitions and future regulation.

Aptos CEO Defends 'Fair' Tokenomics After Community Backlash
The CEO of Aptos, the layer 1 blockchain led by former Meta employees that went live last month, has defended the project's "fair" token allocation following a wave of criticism from its community. "The Hash" panel discusses the latest in the world of tokenomics.
