Meta End Facebook & Instagram NFT Support

Written by Yusuf Balogun

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Meta said it has decided to wind down support for NFTs on Facebook and Instagram. This comes a year after pushing for the adoption of digital collectables.

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Stephane Kasriel, Meta’s Head of Commerce and Financial Technologies, announced the decision on Twitter and said Meta is ending NFT support for Facebook and Instagram without any reason.

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Previously, Mark Zuckerberg had announced Instagram’s work on NFT support at SXSW in March 2021, and the feature was launched in May of the same year.

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Then, he believed NFTs could play a role in Meta’s metaverse plans, stating that he hoped users could mint their avatar’s clothing as NFTs.

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This led to Meta expansion in November 2021, allowing creators to mint and sell collectables directly on Instagram.

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Unfortunately, the social media platforms, have announced today that its ending NFT Support for Facebook and Instagram.