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Why Is Facebook Now Meta

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Facebook, Now Meta, Shows Off New Neural Interface Tech During Connect Conference


Facebook, now Meta, shows off new neural interface tech during Connect conference


Facebook, now Meta, shows off new neural interface tech during Connect conference

In Facebook's original presentation of its Project Aria augmented reality camera experiment, the company showed off a thumb clicker for driving the prototype specs. On Thursday, Meta, the company formerly known as Facebook, revealed a wrist-based neural interface to free your hands from this task.

Neural interfaces are one of many ways Meta wants to approach how people control augmented reality headsets. The company revealed a prototype bracelet during its Facebook Connect conference to show a possible future where your wrist movements are all that's required to navigate an interface in the headset. 

Meta Aria
CNET

As in the image Facebook originally teased back in March, the wristband for Project Aria glasses looks an awful lot like the 2015-era Myo Armband from Thalmic Labs, which became the company North before Google acquired it in June 2020. This wristband reads neural signals via EMG sensors, and translates them into commands for the Aria. The example given Thursday was being able to move your wrist and select things on a virtual screen, or pinch your fingers together to click on something you see in some future set of glasses. 

Coupled with this demonstration was a look at how Project Aria will use onboard cameras to identify real-world household items and make them virtual. A coffee table, couch, television and more can be brought from your real living room into a virtual space, allowing you to either reach out and touch real things while in a VR headset or to better display AR projections on your physical surfaces.

Like Project Aria itself, this wristband is nowhere near being ready for public use. These are all a part of Meta's long-term strategy to continue building VR and AR hardware as it plans a larger metaverse strategy. But in this same presentation, Facebook founder Mark Zuckerberg acknowledged that the plans are at least a year away from their next step of readiness. For now, though, it's a clear look at where Meta thinks the future of VR and AR will be, and a good indication of what future products could be capable of.


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Nonfungible Tidbits: This Week In Bitcoin, Cryptocurrency And NFTs


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Nonfungible Tidbits: This week in bitcoin, cryptocurrency and NFTs


Nonfungible Tidbits: This week in bitcoin, cryptocurrency and NFTs

Welcome to the first edition of Nonfungible Tidbits, where we highlight some of the most interesting things that happened this week in cryptocurrency, NFTs and related realms. 

Certainly the biggest story this week was the price of bitcoin, which isn't, um, doing well. Meta, formerly known as Facebook, is reportedly ending its stablecoin project. And last Friday, Twitter debuted a feature that allows subscribers to its paid Twitter Blue service to use an NFT as a profile picture. Here are a few other stories that caught our eyes this week.

1. SEC turns down another proposal for a spot bitcoin ETF

Wall Street NYSE
Getty

The US Securities and Exchange Commission said no to a proposal on Thursday that would've allowed shares of Fidelity's Wise Origin Bitcoin Trust to be listed and traded, Bloomberg reported. The SEC cited concerns (PDF) over investor protections and public interest for the decision. Investors have been able to buy shares of an exchange-traded fund that tracks bitcoin futures contracts since last year. But a spot bitcoin ETF would track the actual price of bitcoin, rather than the price of bitcoin futures, and the SEC isn't ready for that quite yet. 

2. Texas Gov. Greg Abbott thinks bitcoin mines will shore up the state's power grid

Crypto mining rigs

Crypto mining rigs.

Getty

The main thing bitcoin mining operations require is electricity -- lots and lots of electricity. This is what drives the ongoing concern about bitcoin's impact on the environment. But there's a growing presence of bitcoin miners in Texas, and Gov. Greg Abbot wants to use them to… help reinforce the state's power grid? The idea here is that mining operations use so much energy they will entice new investment in power plants in Texas. Then, when demand for electricity is high, like it was during the winter storms last year, the bitcoin miners can turn off their operations to free up electricity. We should note that there is currently no law in Texas that would require miners to do this. Maybe if the governor asks nicely?

3. Miller Lite aims for Super Bowl marketing in internet land 

NFL football Super Bowl
James Martin/CNET

Bud Light is the big game's official beer, so no Miller ads are allowed on America's most valued advertising slots of the year. What's the next best thing? Apparently it's a "metaverse bar." Miller Lite is partnering with Decentraland, a platform that allows people to buy and sell virtual plots of land. What's a metaverse bar? After reading this Marketing Dive story, the concept sounds like it's essentially a video game where you log in, and your avatar sits at a bar and buys NFTs. Very 2022.

4. The Ethereum Foundation nixes 'Eth2' terminology 

Ether Cryptocurrency Coin
NurPhoto

The Ethereum Foundation oversees the Ethereum blockchain, which is the blockchain of ether, the No. 2 cryptocurrency after bitcoin (by market cap). The blockchain, currently in its "Eth1" phase, is scheduled for an upgrade later this year, which is supposed to make it more efficient, environmentally friendly and less expensive to conduct transactions with. Previously, the new version was to be known as Eth2, but not anymore. Why? According to an Ethereum Foundation blog post, Eth1 will be known as the "execution layer" and Eth2 will be known as the "consensus layer." This is a change in semantics, and the change reflects that the execution and consensus layers are, rather than two separate versions of Ethereum, both aspects of the same system. And that's good, right? 

That's all the tidbits we have for now. Thanks for reading. We'll be back next week with plenty more to talk about. In the meantime, check out the So Money podcast featuring CNET's Farnoosh Torabi.


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