https://beincrypto.com/meta-stops-working-on-nfts/
Meta announced plans to wind down digital collectibles (NFTs), according to a tweet by Stephane Kasriel, Commerce & FinTech Lead at Meta.
Some product news: across the company, we’re looking closely at what we prioritize to increase our focus. We’re winding down digital collectibles (NFTs) for now to focus on other ways to support creators, people, and businesses.
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— Stephane Kasriel (@skasriel) March 13, 2023
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…
The post Meta Plans to Wind Down NFTs appeared first on BeInCrypto.
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