End of a trend: Meta removes NFT features from Facebook and Instagram

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In a sign that the hype surrounding NFTs is well and truly waning, Facebook and Instagram are removing their support for tokens proving ownership of a digital original. The step is part of the ongoing focus on priorities, according to a tweet by Stephane Kasriel, the responsible manager of the Facebook group Meta, on Twitter. “We’re winding down digital collectibles (NFTs) for now to focus on other ways to support creators, people, and businesses,” Kasriel said on Monday, making it clear the NFTs are not a priority for Meta. Among other things, the option to share NFTs via Instagram and Facebo…

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