Facebook and Instagram are ending support for NFTs from April 11, 2023
Instagram will delete digital collection data in its system and will no longer be associated with third-party digital wallets.
Facebook and Instagram, the social media giants owned by Meta, have announced that they will be pulling the plug on digital collectibles or non-fungible tokens (NFTs) from April 11, 2023.
In a statement, Instagram revealed that it will begin deleting digital collection data in its system, including wallet addresses, and will no longer be connected or associated with third-party digital wallets.
This announcement has sent shockwaves through the digital art world and has left artists and investors scrambling to find alternatives to showcase and trade their NFTs.
Facebook and Instagram are looking to prioritize other areas that support creators, people, and businesses.
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
