Facebook’s silence around blockchain was deafening. Louder still were the voices of speculation over its lack of comment. If one of the largest tech companies in the world wasn’t jumping on the blockchain train, perhaps the whole thing was smoke and mirrors after all. Then Bitcoin nose-dived, Facebook banned cryptocurrency ads, and blockchain skeptics had a field day. Until earlier this month, that is.
At long last, the social media giant responsible for putting the world on the web announced its intention to “explore” the possibilities of blockchain tech for its family of brands. It was an ambiguous statement which sparked understandable curiosity from the crypto community and technophiles alike.