Diem Crypto Project Is No More | Mark Zuckerberg’s Dream Has Been Shattered.
Zuckerberg’s wish of inaugurating its Diem crypto project is no more. Mark Zuckerberg pulled back its involvement in the Diem crypto project after the constant struggle of more than two years.
Facebook rebranded now as Meta, announced officially that they are shutting its digital currency project Diem Association. After years of endeavor to inaugurate it.
To whom Mark Zuckerberg will hand over its Diem Stable Coin Crypto Project now?
According to the announcement that has been revealed on Monday, By Diem CEO, Stuart Levey. Meta has finalized that the intellectual property and other assets of the Diem crypto project will be sold out to Silvergate Corporation.
Further, Levey stated that the Diem association and its subsidiaries will begin to wrap up its function over the upcoming weeks. However, the Diem association yet believes that its ideal will carry on to prosper. No matter if Meta officially ended its name in the project.
Words By CEO, Stuart Levey: