NFT Features on Instagram and Facebook to be Scrapped by Meta.
TL;DR Summary
Meta is scrapping its NFT features on Facebook and Instagram after less than a year of experimenting with them. The company's head of commerce and fintech, Stephane Kasriel, announced the decision on Twitter, citing the need to increase focus and prioritize initiatives that could make a bigger impact. Mark Zuckerberg also announced that Meta would be laying off an additional 10,000 people in 2023 as part of his "year of efficiency."
- Instagram, Facebook Scrapping NFT Features After 9 Months Gizmodo
- Meta is 'Winding Down' NFTs on Facebook and Instagram PetaPixel
- Meta to wind down NFT integrations as China reports a 30000% increase in NFT complaints Kitco NEWS
- Facebook parent Meta's valuation flirts with $500 bln for first time in 9 months MarketWatch
- It's over for NFTs on Instagram and Facebook Mashable
- View Full Coverage on Google News
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