Meta announced plans to wind down digital collectibles (NFTs), according to a tweet by Stephane Kasriel, Commerce & FinTech Lead at Meta.
Creating opportunities for creators and businesses to connect with their fans and monetize remains a priority, and we’re going to focus on areas where we can make impact at scale, such as messaging and monetization opps for Reels.
Accordingly to Kasriel, the move comes as a prioritization plan to increase focus on Meta Pay, investment in fintech tools, and messaging payments across Meta.
This is a developing story…
Disclaimer
BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.
Source: https://beincrypto.com/meta-stops-working-on-nfts/
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