.meta is winding down its support for NFTs across instagram and facebook to focus efforts on other areas of the business. camgthompson reports
that the shutdown will allow the company “to focus on other ways to support creators, people, and businesses.”
“A big thank you to the partners who joined us on this journey and who're doing great work in a dynamic space,” Kasriel tweeted. “We learned a ton that we’ll be able to apply to products we’re continuing to build to support creators, people, and businesses on our apps, both today and in the metaverse.”
Kasriel specified that Meta won’t give up on its mission to help creators connect with their fans, and will pivot focus on other products such as Reels for messaging and monetization. Meta will also continue to work with NFT and Web3 content creators who leverage its suite of tools to help them grow their community.
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