Fk and Im will lose NFT support

F*****k and I******m will lose NFT support

Meta* will end support for non-fungible tokens (NFTs) on Facebook* and Instagram*although a year ago the company had grandiose plans for this technology, and access to NFT was only opened to platform users six months ago.

    Image source: Gerd Altmann /

Image source: Gerd Altmann /

“Right now we are exhibiting Digital Collectibles (NFTs) to focus on other ways to support bloggers, users and businesses. <..> We’ve learned a lot that we can use in products we continue to develop to support bloggers, users and businesses in our applications, including in the Metaverse.”informed Head of Trading and Financial Technology at Meta* Stephane Kasriel. The company will pass on the freed resources “Monetization of Operations in Reels” And “Payments in meta messengers*» – By the way, Reels’ monetization program has been suspended for 30 days.

The top manager did not reveal why the company decided to change course in terms of NFT, after all it was previously assumed that the technology would play an important role in the Metaverse and would help users of virtual worlds, for example, to buy different items of clothing. Last year, the Novi cryptocurrency wallet project was shut down, which was also set to receive NFT support.

* It is included in the list of public associations and religious organizations for which the court made a final decision to liquidate or ban activities on the grounds provided for in Federal Law No. 114-FZ of July 25. 2002 “On Countering Extremist Activities”.


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Robbie Elmers

Robbie Elmers is a staff writer for Tech News Space, covering software, applications and services.

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