Meta Winding Down Support for NFTs on Facebook, Instagram – Bitcoin News

U.S. tech giant Meta is giving up on operations with non-fungible tokens (NFTs) amid ongoing turbulence in the crypto space. The company allowed creators to share digital collectibles on its leading s...

Pokémon Enters NFTs: What to Expect, Getting it or not?

Potential Concerns with NFTs The world of non-fungible tokens (NFTs) has been gaining popularity in recent years, with artists, musicians, and even sports teams getting involved. Now, it seems like on...

Meta Winds Down NFTs for Instagram & FB; Focus Now on Meta Pay

Meta’s Head of Commerce and Financial Technologies Stephane Kasriel posted on Twitter.  The company is shifting its investments toward Meta Pay and features that enable creators to earn money on Meta ...

Stop Calling Them NFTs: Web3 Gaming CEO Speaks Out Amid Gamer Backlash

Web3 gaming is on the rise, but it has yet to find a wider audience beyond crypto. Developers attempting to introduce digital assets (like NFTs) have meanwhile faced fierce backlash from gamers who se...

Instagram, Facebook NFTs Fall Flat as Meta Shifts Focus to Messaging Payments ⋆ ZyCrypto

Advertisement &nbsp &nbsp The short-lived collectibles project started its pilot phase last year in May. Meta is reportedly shifting focus to messaging payments. Almost a year...

How to create and sell Bitcoin NFTs

Bitcoin nonfungible tokens (NFTs) have captured the crypto world’s attention fast, opening new opportunities for the oldest blockchain and digital art enthusiasts. Since their explosion in 2020, NFTs ...

Top 3 Collectibles & NFTs Tokens Below $100K Market Cap To Watch In March 2023

Digital collectibles and NFTs are still in the top hot areas of the general cryptocurrency market while the market is managing a good recovery, here’s our top pick below $100k market capitalization to...

Meta Plans to Stop Support for NFTs on Facebook and Instagram

According to Stephane Kasriel, the closure will enable the business to focus on other ways to support creators. Meta is also planning layoffs in the coming months. Just over a year after revealing pla...

Meta to Wind Down Support for NFTs on Instagram & Facebook

According to Stephane Kasriel, the closure will enable the business to focus on other ways to support creators. Meta is also planning layoffs in the coming months. Just over a year after revealing pla...

Flow and Polygon prices steady as Meta abandons NFTs

Polygon (MATIC/USD) and Flow (FLOW/USD) prices held quite well on Tuesday morning as the Non-Fungible Tokens (NFT) industry was dealt a big blow. $FLOW was trading at $1, about 22% above the weekend l...

Meta Plans to Wind Down 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...

Meta pulling the plug on NFTs across Instagram and Facebook

Big Tech firm Meta is scrapping its nonfungible token (NFT) feature across its social media platforms Facebook and Instagram just under a year after it launched. Stephane Kasriel, Meta’s head of...

Meta ‘Winding Down’ NFT Efforts

Meta is pulling the plug on its NFT initiatives. At least for now.  The “winding down” of its digital collectibles efforts comes as the company scrutinizes its priorities, according to Stephane K...

Meta announces plans to stop working on NFTs

Meta is ditching its pursuit of NFTs as the company looks to prioritize, according to Stephane Kasriel, head of commerce and financial technologies at Meta.  “Some product news: across the...

Blockchain, NFTs, And The Future Of The Perishables Supply Chain

By Alex Swart As the perishable food industry continues to grow at a rapid pace, investors are searching for … [+] solutions to widespread supply chain issues. Alex Swart Is there a use case for...

11 classic memes that have been sold as NFTs

Nonfungible token (NFT) memes have brought mainstream attention to the world of NFTs and digital art, helping to expand the market and increase its legitimacy. The high prices paid for some NFT memes ...

XRPL Labs Releases Xumm 2.4.0 With New Payments, NFTs, and Security Features

It is worth noting that the update comes with three major changes. XRPL Labs has released Xumm 2.4.0, the first update to the leading XRP Ledger wallet in seven months. The team disclosed this in a pr...

Moonbirds whale sells almost 500 NFTs on Blur for significant losses

Over the past 24 hours, one Ethereum address liquidated almost 500 Moonbirds NFTs for significant losses. Selling in batches, the address realized losses between 9% and 33% — with 200 Moonbirds ...

Web3 Startup Helps Indonesia’s Tourism Economy Survive

Linda Adami, founder of Web3 and NFT startup Quantum Temple, is on a mission to preserve and promote cultural heritage through technologies based on an immutable ledger. Through her startup, the 30-so...

Cardano Founder Mocks Claims of Lack of Interest in Cardano NFTs

Cardano Founder Responds to Claims of Low Interest in Cardano NFT. Hoskinson’s sarcastic response comes on the back of NFT.NYC’s decision to move the Cardano NFT panel to the waitlist, citing low inte...

Starbucks NFTs Sell Out In 18 Minutes As Secondary Price Soars

Brady Brewer, EVP and CMO, introduces Starbucks Odyssey. (Joshua Trujillo, Starbucks) Joshua Trujillo, Starbucks Think NFTs are meh? All very 2022? Well it might be time to wake up and smell the coffe...

Amazon NFTs Will Be Linked to Real-Life Assets for Enhanced Customer Experience

Tech powerhouse Amazon plans to launch NFTs granting ownership of physical goods to improve customer experience and draw more shoppers. Amazon (NASDAQ: AMZN) is developing an initiative centered aroun...

Starbucks sells out 2k NFTs in under 20 minutes

Starbucks recently released its inaugural collection of NFTs. The collection consists of 2,000 digital “stamps” named “Journey Stamps,” each priced at $100. Starbucks launched its first limited editio...

Amazon’s Plan to Tie Real-World Assets to Tokens and NFTs

Amazon, the world’s largest bookstore, has announced plans to tie real-world assets bought on Amazon to tokens and NFTs. If history repeats itself, Amazon could become the world’s largest seller of NF...

BaFin Declines to Classify NFTs as Securities, Recommends Case-by-Case Approach

The fact that there is now a discussion going on over the appropriate approach to classify these digital assets is reflected in BaFin’s decision to not recognize NFTs as securities. This argumen...

Here’s what German regulator, BaFin suggested for NFTs

BaFin is not yet ready to classify NFTs as securities and advises doing so on a case-by-case basis. BaFin does not expect NFTs to comply with the Payment Services Supervision Act’s license requirement...

Starbucks Serves Up Its First Premium NFTs at $100 a Pop

Coffee giant Starbucks is taking significant steps into Web3 with its Starbucks Odyssey rewards program on Ethereum sidechain network Polygon, which is currently open in beta to limited users. And aft...

NFTs Are Not Securities Yet, According to Germany’s BaFin

Several jurisdictions across the world have bolstered efforts to regulate the digital assets industry. In Germany, too, the financial regulator issued guidelines on the regulatory treatment of cryptoc...

German regulator BaFin suggests a ‘case-by-case’ approach for NFTs

Federal Financial Supervisory Authority of Germany (BaFin) is not ready to classify nonfungible tokens (NFTs) as securities yet. The Agency suggests classifying the NFTs on a case-by-case basis.  On M...

Are NFTs a Solution to Supply Chains?

Warehouses, producers, and consumers may be able to better comprehend and fine-tune the product journey due to the integration of NFTs into supply chains as a whole.  Non-fungible tokens (NFTs) are us...

Germany: Digital Collectible NFTs Not Securities

Germany’s finance watchdog says it hasn’t found any NFTs that can be classified as a security, but that doesn’t mean they won’t crop up. BaFin says it studied different kinds of NFTs: digital collecti...

Animoca Brands-Backed Forkast Labs Launches Index for NFTs

In one of its first products since its formation, Forkast Labs has launched three specific indexes as it seeks to double down on its influential role in the crypto world. As reported by The Block, the...