{"id":160271,"date":"2023-03-14T14:27:38","date_gmt":"2023-03-14T19:27:38","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2023\/03\/meta-lead-engineer-announces-end-of-nfts-on-instagram-and-facebook"},"modified":"2023-03-14T14:27:38","modified_gmt":"2023-03-14T19:27:38","slug":"meta-lead-engineer-announces-end-of-nfts-on-instagram-and-facebook","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2023\/03\/meta-lead-engineer-announces-end-of-nfts-on-instagram-and-facebook","title":{"rendered":"Meta lead engineer announces end of NFTs on Instagram and Facebook"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/meta-lead-engineer-announces-end-of-nfts-on-instagram-and-facebook2.jpg\"><\/a><\/p>\n<p>It looks like Mark Zuckerberg\u2019s company is winding down its metaverse dreams.<\/p>\n<p>Amid the crypto slump, Meta has announced it would be parting with non-fungible tokens (NFTs) on its platforms less than a year after launch.<\/p>\n<p>Stephane Kasriel, the Commerce and FinTech lead at Meta said in a Twitter thread that the company will be \u201cwinding down\u201d on digital collectibles, specifically NFTs, for now, and focus on other ways to support creators. Digital collectibles like NFTs were one of the pillars of the company\u2019s pitch for a \u2018metaverse\u2019-based future of the internet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It looks like Mark Zuckerberg\u2019s company is winding down its metaverse dreams. Amid the crypto slump, Meta has announced it would be parting with non-fungible tokens (NFTs) on its platforms less than a year after launch. Stephane Kasriel, the Commerce and FinTech lead at Meta said in a Twitter thread that the company will be [\u2026]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3818,418],"tags":[],"class_list":["post-160271","post","type-post","status-publish","format-standard","hentry","category-blockchains","category-internet"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/160271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=160271"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/160271\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=160271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=160271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=160271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}