BREAKING: In Huge Blow for NFTs, Facebook and Instagram Step Back | CoinMarketCap

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BREAKING: In Huge Blow for NFTs, Facebook and Instagram Step Back | CoinMarketCap
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🚨 BREAKING: In a huge blow, Facebook and Instagram announce they're stepping back from NFTs

A senior executive has revealed that Facebook and Instagram are "winding down" support for NFTs.

Meta — which owns both social networks — had jumped head first into digital collectibles, rolling out this functionality to 100 countries.This is a huge blow for the sector, which had started to gain mainstream recognition after a dramatic bull market in 2021.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

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