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…
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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/