Featured Products Loop in WooCommerce 3.0

WooCommerce updated the featured products meta_key _featured in the latest version WooCommerce 3.0. I used the Featured Products Loop for a slider with Advanced custom field, after upadating the WooCommerce version 3.0 my slider was not working, finally i got the solution.

Code I used on WooCommerce old version

<?php  $args = array(  
        'post_type' => 'product',  
        'meta_key' => '_featured',  
        'meta_value' => 'yes',  
        'posts_per_page' => 3  
    );  
      
    $featured_query = new WP_Query( $args );  
          
    if ($featured_query->have_posts()) :   
      
        while ($featured_query->have_posts()) :   
          
            $featured_query->the_post();  
              
            $product = get_product( $featured_query->post->ID );  ?>
	    	<li><a href="<?php the_permalink(); ?>"><img src="<?php the_field('featured_product_image'); ?>"/></a></li>
              <?php endwhile;  
          
    endif;  
      
    wp_reset_query(); // Remember to reset   ?>

Featured Products Loop in WooCommerce 3.0

 <?php
        $args = array(
            'post_type' => 'product',
            'posts_per_page' => 12,
            'tax_query' => array(
                    array(
                        'taxonomy' => 'product_visibility',
                        'field'    => 'name',
                        'terms'    => 'featured',
                    ),
                ),
            );
        $loop = new WP_Query( $args );
        if ( $loop->have_posts() ) {
            while ( $loop->have_posts() ) : $loop->the_post();?>
            
             <li><a href="<?php the_permalink(); ?>"><img src="<?php the_field('featured_product_image'); ?>"/></a></li>
			<?php	
            endwhile;
        } else {
            echo __( 'No products found' );
        }
        wp_reset_postdata();
    ?>

Credits: ciorici