Meta Platforms ‘winding down’ digital collectibles or NFTs

The head of Commerce and Financial Technologies at Meta, Stephane Kasriel, tweeted: "Some product news: across the company, we’re looking closely at what we prioritize to increase our focus. We’re winding down digital collectibles or NFTs, for now to focus on other ways to support creators, people, and businesses. Let me be clear: creating opportunities for creators and businesses to connect with their fans and monetize remains a priority, and we’re going to focus on areas where we can make impact at scale, such as messaging and monetization opps for Reels. And we’ll continue investing in fintech tools that people and businesses will need for the future. We’re streamlining payments w/ Meta Pay, making checkout & payouts easier, and investing in messaging payments across Meta." Reference Link