Meta* will no longer support NFT on its social networks Facebook** and Instagram**, more on Twitter wrote Stefan Kasriel, the company’s head of trading and fintech.
Digital stuff lasted less than a year on the platform. According to Kasriel, the company will focus on other areas of supporting content creators and their subscribers.
NFT support on Instagram** and Facebook** allowed users to load tokens. To do this, it was enough to connect the crypto wallet to an account on one of the social networks. Goal*.
“We are phasing out digital tokens (NFTs) for now to focus on other ways to support content creators, users, and businesses,” Kasriel wrote.
As a priority, he named the development of his own payment instruments with their subsequent implementation in the company’s services. The corporation will also continue to develop Meta Pay.
Earlier, Meta* announced the development of a new decentralized social network that, according to experts, should become the competition of Twitter and Mastodon.
* recognized as an extremist organization and banned in Russia, included in the terrorist list.
**Belongs to Meta, recognized as an extremist in the Russian Federation and included in the terrorist list.
Author:
Natalia Gormaleva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
