Meta abandons NFTs less than a year after Zuck talked them up
Meta is winding down support of NFTs to focus its efforts and funds elsewhere.
Source: htxt.co.za
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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.