1. What is fb?

Introduction to Facebook Cryptocurrency Libra

Facebook's cryptocurrency Libra is a stablecoin designed to provide a payment tool that is stable in value, fast in transactions, scalable, and secure. Here are the main features of Libra:

1. Stable Value: Libra's value is pegged to fiat currencies like the US dollar, ensuring that its value remains stable. For example, one Libra equals one US dollar.

2. Blockchain Technology: Libra operates on the Libra Blockchain, which is a blockchain system aiming to be the infrastructure of global finance. It supports high transaction throughput and can scale to billions of accounts.

3. Payment Functionality: Libra is mainly used for payments, allowing users to buy Libra directly and then spend it through Facebook or other partners like PayPal. It can be used for shopping on eBay, investing, topping up mobile credit, etc.

4. Global Impact: If 2.6 billion users accept Facebook Libra, Facebook could become the central bank for these countries over the years, penetrating the economy and making contributions in areas like taxation, regulation, and crime prevention.

5. Technology and Regulation: Facebook has put significant effort into technology and regulation, making it difficult for ordinary investors to find lucrative opportunities.

In summary, the Libra stablecoin is a global payment tool launched by Facebook, designed to provide fast, secure, and stable payment services.

2. Who founded fb?

The cryptocurrency Libra from Facebook (FB) was not created solely by Facebook but was launched collaboratively by the Libra Association, led by Facebook. The Libra Association includes Facebook and 28 other founding members, such as Mastercard, Visa, Spotify, eBay, PayPal, and Uber.

3. Which venture capitalists invested in fb?

Based on the provided search results, there doesn't seem to be a direct mention of which venture capitalists invested in the cryptocurrency FB (Fractal Bitcoin). However, here are some venture capital firms and investors active in the cryptocurrency space:

1. a16z: Led a $450 million financing round for Yuga Labs (the parent company behind BAYC).
2. Polychain Capital: Co-led a $18 million financing round for Babylon along with Hack VC.
3. Paradigm: Led a $70 million new funding round for Babylon.
4. Framework Ventures, Polygon Ventures, OKX Ventures, IOSG Ventures: Participated in Babylon's $18 million financing round.
5. Sequoia Capital India, Folius Ventures: Led a $5 million seed round for STEPN.
6. Animoca Brands: Completed multiple financing rounds, raising over $540 million in total.
7. Jump Crypto, Three Arrows Capital (3AC): Led a $1 billion funding round for Luna Foundation Guard (LFG).

This information is primarily derived from the second search result, which discusses investment activities and trends in the cryptocurrency venture capital space. However, it does not specifically mention which venture capitalists invested in the cryptocurrency FB.

4. How does fb operate?

The cryptocurrency from Facebook (Meta), initially known as Libra and later renamed Diem, aims to be a global digital currency. Although the Diem project has been cancelled, here are its initial operational principles:

1. Blockchain Technology: Diem is based on blockchain technology, which is a decentralized ledger that records all transactions on the network. This technology is maintained by a network of computers rather than a central authority, making it difficult to change or manipulate.

2. Stablecoin: Diem was designed as a stablecoin, with its value linked to a basket of fiat currencies (like the US dollar and Euro) to reduce price volatility. This design makes it more suitable for everyday transactions and value storage.

3. Issuance and Management: Diem is managed by the Diem Association, an independent non-profit organization responsible for issuing and managing Diem. This organization comprises multiple companies and organizations, including Facebook (Meta).

4. Transactions and Usage: Users can transact using Diem's digital wallet, which allows them to send and receive Diem. This wallet can be integrated into various platforms of Facebook (Meta), including WhatsApp and Messenger.

5. Security and Privacy: Diem employs encryption technology to ensure the security and privacy of transactions. User transaction information and identity data are protected to prevent unauthorized access.

Although the Diem project has been cancelled, its design and operational principles still reflect the fundamental characteristics and potential applications of cryptocurrencies and stablecoins.