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Breaking Meta Plans to Wind Down NFTs

1 min
Updated by Dean
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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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Crypto native anon hodling. Researcher of crypto white papers, tokenomics, DAOs and blockchain protocols. Found quietly delving into Discord and Telegram.
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