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.

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…