No More Facebook NFTs? Meta Reveals Creator Support Plans By DailyCoin
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© Reuters. No More Facebook NFTs? Meta Reveals Creator Support Plans
- Meta is pulling the plugs on many of its projects, including Facebook (NASDAQ:) and Instagram NFTs.
- The company is restructuring and focusing on high-priority projects.
- Meta will also lay off employees in 2023 as part of its restructuring plan.
Mark Zuckerberg, CEO of Meta, is shifting his strategy for 2023. The founder is pivoting from âlow-priorityâ projects, especially NFTs, on Facebook and Instagram.
The company first began experimenting with NFTs for its flagship platforms, Facebook and Instagram, in the summer of 2022. However, what could have been a landmark achievement for both the company and the Web3 space didn’t last long.
After a short-lived ten-month stint, Meta is closing the books on Instagram and Facebook NFTs and is ready to start a new chapter. The company shared that the shutdown…
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© Reuters. No More Facebook NFTs? Meta Reveals Creator Support Plans
- Meta is pulling the plugs on many of its projects, including Facebook (NASDAQ:) and Instagram NFTs.
- The company is restructuring and focusing on high-priority projects.
- Meta will also lay off employees in 2023 as part of its restructuring plan.
Mark Zuckerberg, CEO of Meta, is shifting his strategy for 2023. The founder is pivoting from âlow-priorityâ projects, especially NFTs, on Facebook and Instagram.
The company first began experimenting with NFTs for its flagship platforms, Facebook and Instagram, in the summer of 2022. However, what could have been a landmark achievement for both the company and the Web3 space didn’t last long.
After a short-lived ten-month stint, Meta is closing the books on Instagram and Facebook NFTs and is ready to start a new chapter. The company shared that the shutdown…
Continue Reading on DailyCoin
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