Page 3 - Stephane Kasriel News Today

Instagram is no longer going to be supporting NFTs or NFT features, the company announced in a Twitter thread.

Meta Platforms Inc is cutting off support for digital collectibles or non-fungible tokens on its platforms less than a year after rolling it out, as the crypto market continues to spiral. ... | March 13, 2023

Meta is winding down support of NFTs to focus its efforts and funds elsewhere.

The company will focus on 'other ways to support creators, people, and businesses.'

As part of Mark Zuckerberg's ruthless "year of efficiency," Meta announced Facebook and Instagram would pull the plug on NFTs the same day as 10,000 layoffs.

Meta is cutting collectible art from Facebook and Instagram – plus another 10,000 jobs – as part of Zuck’s ‘Year of Efficiency’

Meta's Stephane Kasriel said the company is winding down NFT support to focus on other ways to make 'impact at scale' for its users.

Meta Platforms Inc (NASDAQ:FB) said it is winding down its support for non-fungible tokens (NFTs) on Facebook and Instagram just a year after the company...

Meta has announced it is winding down its NFT program on Instagram and Facebook.

Metas Year of Efficiency continues with more layoffs and the end of support for NFTs.