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Thursday, March 30, 2023

Instagram is dropping NFT features

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Image: (APA/AFP/LIONEL BONAVENTURE)
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The step is part of the ongoing focus on priorities, came from a tweet from the responsible manager of the Facebook group Meta, Stephane Kasriel.

Among other things, the possibility of sharing NFTs via Instagram and Facebook will be eliminated in the coming weeks, said a spokesman. NFTs (non-fungible tokens) are something like digital certificates of authenticity. They are intended to guarantee that among a large number of potentially completely identical copies, only one file can be considered a signed original, so to speak. NFT demand peaked when a digital artwork sold for more than $69 million two years ago.

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Source: Nachrichten

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