Meta is winding down its non-fungible token (NFT) project barely a year after it began the initiative Collapse of NFT integrations is a critical failure for Meta in Zuckerberg’s “year of efficiency” Tech and social media giant Meta is winding down its non-fungible token (NFT) project, according to an announcement by Meta Commerce and Fintech […]
Meta is winding down its non-fungible token project barely a year after it began the initiativeTech and social media giant Meta is winding down its non-fungible token project, according to anIn the coming weeks, Meta will close its tests of minting and selling NFTs on Instagram, as well as the ability to share NFTs on Instagram and Facebook. Meta is shutting down the project only a year after announcing plans to allow digital collectibles sharing on its Instagram platform.
Meta added Ethereum, Polygon, and Flow NFT cross-posting between its Facebook and Instagram products in August to make it easier to share NFTs. Additionally, Meta also integrated a decentralized storage protocol, Arweave, into the platform in November.“And look forward to supporting the many NFT creators who continue using Instagram and Facebook to amplify their work.
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