Meta gives up on NFTs for Facebook and Instagram

Image of Meta’s logo with a red and blue background. Illustration by Nick Barclay / The Verge

Meta is “winding down” its work with NFTs on Facebook and Instagram, Meta commerce and fintech lead Stephane Kasriel said in a Twitter thread on Monday. The decision means Meta will end its tests of minting and selling NFTs on Instagram as well as the ability to share NFTs on Instagram and Facebook in the coming weeks, Meta spokesperson Joshua Gunter confirmed in an email to The Verge.

“Across the company, we’re looking closely at ...

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