Meta abandons NFT-related projects.
Some product news: across the company, we’re looking closely at what we prioritize to increase our focus. We’re winding down digital collectibles (NFTs) for now to focus on other ways to support creators, people, and businesses. ?[1/5]
— Stephane Kasriel (@skasriel) March 13, 2023
«[…] в компании мы внимательно выбираем приоритеты, чтобы больше фокусироваться на важных проектах. На данный момент мы сворачиваем цифровые предметы коллекционирования, чтобы сосредоточиться на других способах поддержки авторов, людей и бизнеса», — заявил глава отдела коммерции и финансовых технологий Стефан Касриэль.
The company, together with Polygon announced the launch of an NFT marketplace in November 2022. Meta had said that collectible tokens could help creators earn money and build their own economy.
According to Kasriel, the company will now prioritise developing Instagram, in particular monetising Reels.
«We optimise transactions using Meta Pay, simplifying deposits and withdrawals, and we are investing in payments via in-app messaging within the company’s products», — noted he.
Kasriel added that Meta will continue to support “many NFT creators who are still using Instagram and Facebook to work”.
As reported in the WSJ learned of new layoffs at Mark Zuckerberg’s company.