Mark Zuckerberg's plan to make his own cryptocurrency is falling apart. This concerns the digital currency Diem.
The Diem Association, the team that oversees the development of the eye, is considering selling its access. The goal is to return capital to investors, the Boomberg report said.

Diem is reportedly in talks with investment bankers over his next steps. Including how to sell its intellectual property in an effort to capture the remaining value. Bloomberg cited sources as saying the company is also trying to find new destinations for engineers developing the technology. Discussions are still in their early stages, nor is there any guarantee Diem will find a purchase. The Bloomberg report said it was unclear how it would assign a value to the intellectual property or the engineers who developed it.

According to sources, Meta owns a third of the project. The rest is owned by associate members such as Andreessen Horowitz, Union Square Ventures and Ribbit Capital. Zuckerberg's crypto project was introduced in June 2019. But it was not a smooth road that the Facebook founder encountered. Back then, the cryptocurrency was called Libra and was considered a stablecoin. In this case, the original plan was to launch a universal currency linked to a number of major currencies and government debt.

Unfortunately the project is not liked by bankers and politicians. They worry that it could become a place for malicious activities such as money laundering and invasion of privacy.