The recent market sell-off has taken a toll on just about every sector, but some have been hit harder than others. For example, the tech-heavy Nasdaq is down nearly 7% from its high just two weeks ago.

One area that has been particularly hard hit is the red-hot sector of cloud computing. Companies like Amazon (AMZN), Microsoft (MSFT), and Salesforce.com (CRM) have all seen their stock prices drop by double digits in the past two weeks.

And while the sell-off in these stocks may have been overdone, it has left investors wondering if now is the time to buy or if there could be more downside ahead.

One cloud stock that has been especially hard hit is MetaPlatforms (MP). The [Meta share price](https://finance.yahoo.com/quote/META/) has dropped by more than 50% over the last 12 months.

So, what’s going on with MP? And is the recent sell-off an opportunity to buy the dip or a sign that there could be more downside ahead?

Let’s take a closer look…

## What’s Going on With MP?

Meta Platforms is a cloud-based enterprise software company. Its flagship product is [Metaverse](/news/article/facebook-metaverse-nft), a digital workspace that allows employees to securely access all of their applications and data from one central location. The company has seen strong demand for its product as more and more businesses move to the cloud. 

However, the company reported second-quarter revenue of $169.5 million, down 4% from a year ago and below the $172.3 million that analysts were expecting. Meta also posted a net loss of $11.1 million, or 9 cents a share, compared with a profit of $2.2 million, or 2 cents a share, a year ago.

The stock has come under pressure in recent weeks, and is down by over 50% from its all-time high. So, what does the future hold for the Meta share price? Let’s take a look at the bulls and the bears…

## The Bull Case for MP

The bulls argue that the sell-off in Meta Platforms stock is overdone and that the recent weak quarter was an anomaly. There are still plenty of reasons to be bullish on MetaPlatforms.

First, the company’s flagship product, Metaverse, is in high demand. The product is being adopted by more and more businesses as they move to the cloud.

Second, MetaPlatforms is growing quickly. 

Third, MetaPlatforms has a strong balance sheet. The company has no debt and $100 million in cash. This gives the company plenty of financial flexibility to invest in growth.

Fourth, MetaPlatforms is led by a proven management team. The company’s CEO, Scott Smith, is a co-founder of Salesforce.com (CRM). He knows how to build a successful cloud company.

## The Bear Case for MP

The bears argue that the recent weak quarter was not an anomaly and that MetaPlatforms is facing some serious headwinds. They point to the company’s high valuation, which is now trading at nearly 30 times sales. It has been viewed that the company previously known as ‘Facebook’ was forced to rebrand as Meta Platforms after coming under much [scrutiny from its services impact on the mental health of teens](https://www.everydayhealth.com/public-health/facebook-comes-under-fire-after-whistleblower-and-leaked-documents-reveal-negative-impact-on-young-girls/). This was seen as a ploy to divert the negative publicity and not affect the company’s share price.

They also note that Meta Platforms is up against some tough competition, including Microsoft, Amazon, and Google. And they believe that the recent sell-off could be just the beginning for MP stock.

So, what’s the verdict? Is MetaPlatforms a buy or a sell?

## The Verdict

There are both positive and negative factors to consider when deciding if Meta Platforms stock is a buy in August 2022. 

Ultimately, it comes down to whether you believe the stock is a good long-term investment. 

If you think the company's fundamentals are strong and the stock is cheap at current levels, then it could be a good buy. However, if you're concerned about the stock's technical, tainted reputation  or the overall market conditions, then it may be best to wait for a better entry point.

Please be aware that this is not financial advice.

A Comprehensive Look at Meta Share Price

The Sandbox blockchain is a community-driven NFT game where users can create their own worlds and earn cryptocurrency. It is one of the top games that implement the play-to-earn model (P2E), allowing players to develop assets and profit from them.

## What is The Sandbox All About?

The Sandbox is a multiplayer game that allows players to create their own worlds with unique objects. You can draw relief maps, make all kinds of puzzles, build a labyrinth, or visit the created worlds of other users. The Sandbox games don’t require programming skills; you just need to realize your ideas and create your own game. You can create games alone and with friends.

## How does The Sandbox work?

The Sandbox world consists of voxels (pixels with 3-D volume), similar to Minecraft’s cubic graphics. But it gives everyone a chance to create a game, design characters, and earn SAND tokens by finishing quests.

## Where can I play The Sandbox games?

The Sandbox is easily available on the App Store and Google Play Store. It also has a desktop version, only supported on a PC with at least a 64-bit processor, minimum Windows 7 and 4GB RAM.

You can start this creative unique by owning plots of LAND, which is a space to build assets, such as games and building, turning them into profits.

As of April 2022, the value of 1 SAND is $2.96 (£2.27).

## How to earn money in The Sandbox games?

The game’s main idea is to create unique items you can sell. So, you have to be creative to make money in the Sandbox.
One way to earn some SAND is to create artworks and sell them on the market. Another way is to create game designs and charge other players to play them.

If you want to generate passive income, owning LAND can also help you earn as the price of the cryptocurrency increases when more players invest in the game.

The game also allows users to rent out their LAND to other players and earn by participating in competitions and playing platform games.

## How to get started

To play the Sandbox game, you will need to install a wallet as a smartphone app or a browser extension to store your SAND and virtual assets like LAND.

The start can be quite expensive as you will need to invest some money into SAND and LAND. Once you log in with your wallet and buy real estate, you can start trading NFTs and assets. You can start creating your own by using one of the free tools The Sandbox offers:

•	VoxEdit: a free 3D modeling software for PC and Mac.
•	Market: a decentralized NFT marketplace, allowing users to trade assets for profit
•	Game Maker: a basic visual scripting toolbox editor, allowing to design games without coding

If you learn more about these tools, it will help you demonstrate your creativity and make a profit in no time.
What Does the Future Hold for The Sandbox in Metaverse?

One of the most promising NFT projects, The Sandbox, has partnered with over 165 brands, including The Walking Dead, Atari, and Smurfs. It has also raised $93 million so far and is dedicated to establishing its grounds in Metaverse.


Metaverse Sandbox Games: How to Play and Earn?

## Are we on the brink of another crypto market crash?

Anyone following Bitcoin clearly remembers the 2017 craze when the strongest cryptocurrency reached a record of almost $20,000.

Sure, it was a fruitful year for most ICOs and wannabe entrepreneurs who wanted to get rich in no time. However, as it usually happens, the ICO bubble had to pop. At the beginning of 2018, the crypto market crash became inevitable.

In 2019, the CEO of Facebook, Mark Zuckerberg, announced that the biggest social network would enter the crypto space with its own project called Libra. Even though the idea sounded lucrative, many big names started backing out as the US Congress expressed concerns about the lack of regulation within the sector. The price of [Bitcoin](/coins/btc) then went down by more than 30%, below $10,000, followed by other cryptocurrencies. Analysts called it "a period of indecision," and investors hoped that Facebook's entry would bring greater legitimacy to the cryptospace. Even though Facebook changed its name to [Meta](https://about.facebook.com/) at the beginning of 2022, it doesn’t seem the social network affected crypto prices during the period to come.

## Fear of a Crypto Market Crash

Price changes usually depend on other circumstances such as recession, inflation, the geopolitical situation, pandemics, US regulatory actions, and so on. In 2020, Bitcoin jumped to a new record, following the government's stimulus packages to boost countries' economies during the COVID-19 pandemic.

Despite Bitcoin being on its way to becoming a hedge against inflation, it still isn't seen as a safe haven such as real estate or gold. That is why we are witnessing the price of Bitcoin moving along with the US dollar and the overall stock market.
We have often witnessed a situation when new short-term investors start to panic and decide to sell their holdings and, therefore, contribute to the drop in Bitcoin’s value. On the other hand, a crypto market crash can happen when so-called "whales" are involved. Holders with a significant amount of Bitcoin can temporarily affect Bitcoin's price if they make large buyings or sales.

## Crypto Market Crash Inevitable?

2022 started badly for Bitcoin and other cryptos even though the number one cryptocurrency was still 500% up since the end of 2019, primarily thanks to the US Government's COVID-19 stimulus.

The total market cap plunged by more than $300 million since the beginning of the year. This was chiefly due to record inflation and the Russia-Ukraine conflict, leading many investors to worry that a crypto market crash may be inevitable.
At the time of writing, Bitcoin stood at around $46,115 and headed towards a traditionally bullish April. The data shows that during the last six years, April was an extremely good month for crypto, as some speculate it's a psychological paradox connected to the spring optimism.

However, a seasonally bullish April could turn positive for Bitcoin even in the long term, together with stock markets.
The first all-spring month means most of the winter debts have been paid off, and buyers are in the mood to buy on a decline.

Still, there is a reason why a crypto market crash could soon be happening. US investors started to pull out of crypto, liquidating over $101 million worth of Bitcoin and approximately $151 million from Ethereum.
 
 



Crypto Market Crash: Bull April Suggests No Fear

In early May, Chief Executive Officer (CEO) of [Meta](https://about.facebook.com/meta/) Platform Inc. (NASDAQ: FB) Mark Zuckerberg announced that there would be the testing of integrating non-fungible tokens (NFTs) on Instagram beginning within weeks.

It came just days after Meta announced that the photo and video sharing platform, Instagram, will be supporting NFTs from Flow, Solana, Polygon, and [Ethereum](/coins/eth) blockchains.

Widely used cryptocurrency wallets MetaMask, TrustWallet, and Rainbow will be the go-to wallets for Instagram in its journey of supporting digital collectibles.

Zuckerberg pointed out that the building of NFTs is not only intended to draw the company to the metaverse, but to expand its non-fungible token ecosystem to Meta's family of applications.

He added that after the successful integration of NFTs on Instagram, Facebook would be next in line to enjoy this feature.

## Why is Instagram’s Integration with NFTs important? 

As of March 2022, there are more than one billion active users of Instagram. Although NFTs were first created in 2014 and became popular in 2021, millions of people still ask questions about what digital collectibles entail.

Several people have heard about the Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), CryptoPunks, Axie Infinity, NBA Top Shot, Meebits, Cool Cats, and CryptoKitties, but do not know how to get their hands on some of these collectibles.

Others have seen Beeple sell digital art for more than $69 million and could not wrap their head around such a news story.

Instagram NFTs will play an invaluable role in introducing billions of active platform users to several collections.

As of writing, popular NFT marketplaces known to stakeholders of digital collectibles include but are not limited to OpenSea, LooksRare, Rarible, and Nifty Gateway, among others.

The complexities of registering for a crypto wallet and using several digital currencies have not boded well for the adoption of NFTs by the mainstream.

With an Instagram NFT Marketplace, billions of users will trust Meta’s platform as one of the best NFT marketplaces to buy digital art.

One of the key areas you have to consider is the blockchains that Instagram NFTs will be integrating with.

As of May 2022, Ethereum is the [biggest NFT blockchain](https://cryptoslam.io/) by sales volume. Solana has surpassed Flow in terms of periodical NFT sales volume. Flow, the blockchain that holds NBA Top Shots, is in third place when sales volume is considered, and Polygon makes up the top 10 NFT blockchains by sales volume.

Should 100 million users on Instagram take a stake in digital collectibles, there could be an average of $100 million weekly sales volume from NFT art on Instagram alone.
This can contribute substantially to the more than $1 billion in volume recorded as total NFT sales weekly.

Finally, seeing NFT Instagram posts that entice people to buy using the three aforementioned crypto wallets bodes well for the adoption of digital wallets in the mainstream.

As of May 2022, TrustWallet had more than 5 million users, and MetaMask had more than 10 million active users. Although Rainbow wallet is relatively new, it continues to register new wallet addresses daily.

Instagram NFT Marketplace will see a minimum of 100 million users daily. This means that each crypto wallet can be projected to see five times the current number of users.

Once this happens, MetaMask might be soaring to around 50 million users, TrustWallet’s active users could reach 25 million, and Rainbow could see at least 10 million users in the long term.

## What next for Meta Platforms Inc. and NFTs? 

Aside from Instagram, WhatsApp, and Facebook are part of the Meta family. Per the words of Mark Zuckerberg, the success of Instagram NFTs will lead to the integration of Facebook into other NFT blockchains.

Once that is successful, there is a huge chance that WhatsApp could be next to join the non-fungible token (NFT) train.

As of writing, WhatsApp and Facebook have almost 5 billion daily active users.

With billions of people relying on Facebook ads to promote their products purchased by billions of people, NFT ads could be seeing the same reaction.

In the end, digital art from millions of developers could rake in billions of dollars in sales volume.

The resultant effect of this will be a positive reflection in cryptocurrencies backed by NFT projects.




	


Instagram to Start Testing NFTs in May

If you only know one thing about Cameron Winklevoss, it might be that he was part of the team that created Facebook.
You may not know that his story didn't end when Facebook became a household name.

Cameron has continued to be a successful entrepreneur, and he has even ventured into the world of cryptocurrency. Here, we take a closer look at Cameron Winklevoss and his impressive career.

## Who are the Winklevoss twins, and what do they do?

Cameron and Tyler Winklevoss are identical twins who are perhaps best known for their role in the early days of Facebook.

The two were born in 1981 and raised in Greenwich, Connecticut. They attended Harvard University, where they studied economics. While at Harvard, they met Mark Zuckerberg, the founder of Facebook.

Cameron and Tyler eventually sued Zuckerberg, claiming that he had stolen their idea for a social networking site. An out-of-court settlement saw the twins receiving $65 million in cash and stock.

The twins have turned their attention to investing in Bitcoin and other cryptocurrencies in recent years. They are estimated to be worth billions of dollars after making wise investments in this fledgling industry.

What is the backstory to their legal battle with Facebook founder Mark Zuckerberg over the origins of Facebook?
Cameron and his brother, Tyler, first came up with the idea for Facebook while attending Harvard University. They asked Mark Zuckerberg, a fellow student, to help them develop the site.

However, after the site was running, Cameron and Tyler accused Zuckerberg of stealing their idea and taking credit for himself.

Despite the settlement mentioned earlier, Cameron asserts that he was wronged by Zuckerberg and that Facebook should have been his.

How did they eventually settle with Zuckerberg, and what did they receive in return?

After a lengthy legal battle, the two parties settled on a deal which included a seat on Facebook's board of directors.

The settlement also included a provision that granted them 1.2% of Facebook's shares. Today, Cameron and Tyler's stake in Facebook is worth billions of dollars.
What investments have the Winklevoss twins made since then, and how have they done so far?

The twins have been busy investing their fortune. In 2013, they invested $11 million in bitcoin, purchasing 1% of all outstanding bitcoins at the time. It proved a good investment, as the price of [Bitcoin](/news/category/bitcoin-news) has surged in recent years.

## What is their opinion on Bitcoin and other cryptocurrencies?

Cameron Winklevoss, one of the early investors in Bitcoin, believes that the cryptocurrency is still in its early stages and has much growth potential.

Cameron and his brother started investing in Bitcoin in 2012, when each Bitcoin was worth around $12. At that time, they bought about 1% of all the Bitcoins in circulation.

He believes that Bitcoin still has room to grow, citing its limited supply and increasing demand as two significant factors.

Cameron also points to the many big institutions now investing in Bitcoin, which he sees as a positive sign for cryptocurrency's future.

How has their experience as entrepreneurs shaped their views on business and life?

Cameron Winklevoss is one of the most famous entrepreneurs in the world. He has also started several other successful businesses.

Cameron has become an outspoken advocate for Bitcoin and other cryptocurrencies. He is now a partner at [Gemini,](https://www.gemini.com/) a cryptocurrency exchange.

In an interview, Cameron talked about how his entrepreneurial experiences have shaped his views on business and life in general.

He said that "entrepreneurship is all about making the impossible possible. It's about seeing opportunities where others see only risk".

Cameron also said that entrepreneurship taught him the importance of "thinking big" and taking risks. These lessons have helped him become a successful investor and businessman


Cameron Winklevoss: Facebook's “Other Half” 

David Marcus will leave [Meta](https://about.facebook.com/meta/) (formerly Facebook) at the end of the year, with the company’s stablecoin project – Diem, formerly Libra, still not fully launched.

He confirmed he was stepping down as Meta’s crypto lead on Twitter.

The former president of PayPal joined Facebook as the vice president of the company’s Messenger division and took over the firm’s blockchain work in 2018.

Libra has faced regulatory scrutiny since its announcement in 2019, with Marcus becoming the face of the project in front of the US authorities.

## New Head for Novi

The project appeared to undergo cutbacks, with key staff leaving, before it was rebranded Diem. Recently, the Meta-owned cryptocurrency wallet subsidiary Novi launched a pilot that used the Paxos-administered USDP stablecoin instead of Diem.

Stephane Kasriel, also ex-PayPal, will be the new head of Novi

Confirming his departure on Twitter, Marcus said: ‘Personal news: after a fulfilling seven years at Meta, I’ve made the difficult decision to step down and leave the company at the end of this year.

‘While there’s still so much to do right on the heels of launching Novi — and I remain as passionate as ever about the need for change in our payments and financial systems — my entrepreneurial DNA has been nudging me for too many mornings in a row to continue ignoring it.

‘The one thing I’m the proudest of during my time here is the amazing kickass team we’ve assembled over the last three years. This is the most resilient, passionate, determined and talented group of humans I’ve ever worked with.

## Greatness Ahead 

‘I find comfort and confidence in knowing that they will continue to execute our important mission well under @skasriel’s leadership, and I can’t wait to witness this from the outside. I know there’s greatness ahead.

‘I’ll keep a special place in my heart for some of the most fun and stimulating years of my life building Messenger with so many talented people. In turn, the Novi years were the most mission-driven and intellectually stimulating ones.

‘I’m incredibly grateful to Mark for the opportunity and privilege to share a bit of the journey over the years. I’ll keep lifelong memories and friendships from my time at the company, and I wish it well in the years to come.

‘I now look forward to having more free time in the months to come before I start building something new and exciting again. Onward!’

Latest Moni

Meta Crypto News

Read the latest Meta crypto news.

A Comprehensive Look at Meta Share Price

Metaverse Sandbox Games: How to Play and Earn?

Crypto Market Crash: Bull April Suggests No Fear

Instagram to Start Testing NFTs in May

Cameron Winklevoss: Facebook's “Other Half”

Facebook Stablecoin Project Manager Quits

Criticism of Justin Bieber NFT promotions

Revolut News: Bank approved to offer crypto in EEA

Cudos funding round secured over £10 million