Facebook, Instagram Abruptly Pull The Plug On NFTs, Leaving Artists Disappointed: ‘Giving Up Before They’ve

Meta Platforms Inc.’s (NASDAQ: META) announcement that it is “winding down” its work with non-fungible tokens, or NFTs, on Facebook and Instagram has left many NFT collectors and artists feeling disappointed and frustrated. What Happened: The decision means Meta will be discontinuing its tests of minting and selling NFTs on Instagram, as well as the ability to share NFTs on both Instagram and Facebook in the upcoming weeks.