Categories
News

Meta to wind down NFTs on its platforms

(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.

Logo of Meta Platforms is seen in Davos

(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)

By Reuters

Reuters, part of Thomson Reuters, is the largest international multimedia news provider in the world with a daily audience of more than one billion. Through Thomson Reuters desktops, the world's media organizations, and Reuters.com and Reuters TV, Reuters provide trusted business, financial, and national news to professionals and consumers alike.