Business & Money

Meta pulling the plug on NFTs across Instagram and Facebook By Cointelegraph

Archpress News Staff March 14, 2023 1 min read

Meta pulling the plug on NFTs across Instagram and Facebook
© Reuters

Big Tech firm Meta is scrapping its nonfungible token (NFT) feature across its social media platforms Facebook (NASDAQ:) and Instagram just under a year after it launched.

Stephane Kasriel, Meta’s head of commerce and financial technologies, tweeted the news on Mar. 13, saying Meta is “winding down” its NFT support as it wishes to “focus on other ways to support creators, people, and businesses.”

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