Instagram NFT initiative's swift death mints mourners.
Decision seen as “shortsighted” by at least one artist who participated in the program.
TheBlockDecision seen as “shortsighted” by at least one artist who participated in the program.
TheBlockAfter just a year of supporting the sharing of digital collectibles on its Instagram platform, Meta is pausing the project. Meta Commerce and Fintech lead Stephane Kasriel announced the change on Twitter. The tech and social media giant is winding down its digital collectibles initiative “to focus on other ways to support creators, people, and businesses,” Kasriel wrote. Last year, Meta made a big push into digital collectibles after Mark Zuckerberg, CEO of Instagram’s parent company Meta, annou...
decryptInstagram will soon have NFT creation and trading tools built in, but in-app purchases will be "subject to applicable app store fees."
OthersWhether you’re a creator or a collector, Instagram’s NFT integration allows select users to share their digital collectibles and verify ownership.
CoindeskMark Zuckerberg's company, which posted a sharp loss in its Metaverse division in Q2, unveiled its digital asset expansion strategy on May 10, 2022.
CointelegraphEarlier this week, Meta also announced it would join with other tech companies to create a metaverse standards body.
CointelegraphThe total salary of the Green Bay Packers player will be worth approximately 368.8 BTC.
Cointelegraph“We are working on bringing NFTs to Instagram in the short term,” said the Meta CEO, adding that he expects NFT minting to happen in the coming months.
CointelegraphThe phishing attack coincided with BAYC's first anniversary, leading many users to believe the link was genuine.
CointelegraphThe phishing attack coincided with the one-year anniversary of BAYC’s launch, leading many users to believe that the link was authentic.
Cointelegraph