An executive of social media giant Meta has said it will suspend support for NFT as part of the company’s plans to reassess its resources.
Stephane Kasriel, Head of Commerce and Fintech March 14 on his official social media account. in his postfrom company-wide different projects their prioritization their support for NFT technology due to will decrease And to wider audiences announced that they will focus on technologies that appeal to
Kasriel stated that they learned many lessons from their journey with the content creators who exhibited their work with the platform and improved themselves in this field, together with NFT support. looking forward to increasing He said they were waiting. On the other hand, to expand the company’s business Facebook And her Instagram support for NFT creators using will continue de Kasriel’s descriptions was among.
However, the chairman said that in the current situation, the priority of the company is still content creators with followers between communication and content creators strengthening the economic instruments stated that.
In this context, Kasriel reels for messaging And earning money While explaining that it will focus on the development of technologies such as Meta Share to be done with facilitating payments He also stated that he is working on it.