Meta is killing NFT support on Facebook and Instagram

Meta is “winding down” its support for NFTs on Facebook and Instagram less than a year after its push to adopt “digital collectibles” across its platform.

• 2023-03-14
• Mark Zuckerberg Instagram Stephane Kasriel Meta NFTs

Meta to wind down NFTs on platforms amid crypto bust

"We're winding down digital collectibles (NFTs) for now to focus on other ways to support creators, people, and businesses," the social media firm's fintech head, Stephane Kasriel, tweeted on Monday. The company rolled out support for creators to share NFTs on Instagram and Facebook last year, when the speculative crypto asset had exploded in popularity, with sales of cartoon apes to video clips touching billions of dollars.

• 2023-03-14
• Meta Platforms Inc Stephane Kasriel