Meta to wind down NFTs on its platforms

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Reuters UK

(Reuters) – Meta Platforms Inc will stop supporting digital collectibles or non-fungible tokens (NFTs) on its platforms, the social media firm’s fintech head Stephane Kasriel said on Monday. “We’re winding down digital collectibles (NFTs) for now to focus on other ways to support creators, people, and businesses,” Kasriel tweeted. (Reporting by Eva Mathews in Bengaluru; Editing by Devika Syamnath)

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