Does Meta have a cryptocurrency?

Meta owned a third of Diem, a cryptocurrency project it backed . Diem, the ambitious crypto project born out of Meta, is officially over. Silvergate Capital confirmed Monday that it is officially purchasing the technology, IP and assets from the Diem Association for $132 million in stock and $50 million in cash.

It’s the metaverse — defined most simply as a virtual world where people can socialize, work, and play — and Facebook’s CEO Mark Zuckerberg believes it is the future of the internet and of his trillion-dollar company.