×
4 396
Fashion Jobs
TJX EUROPE
Finance Manager - Distribution
Permanent · Watford
DR. MARTENS
Merchandising Manager, Korea
Permanent ·
DR. MARTENS
Corporate Talent Acquisition Manager
Permanent · SHIBUYA CITY
STELLA MCCARTNEY
Studio Coordinator
Permanent · LONDON
HARVEY NICHOLS KNIGHTSBRIDGE
Collect in Store Consultant
Permanent · LONDON
EVERLAST GYMS
General Assistant - Everlast Fitness
Permanent · CARDIFF
EVERLAST GYMS
General Assistant - Everlast Gyms
Permanent · NEWCASTLE UPON TYNE
FRASERS GROUP
Senior Digital Trading Manager
Permanent · SHIREBROOK
FRASERS GROUP
Senior Digital Trading Manager
Permanent · STRETFORD
HUGO BOSS UK LTD.
Head of Transport And Customs
Permanent · LONDON
CLARKS
HR Business Partner - Distribution & Corporate
Permanent ·
NEW LOOK
Sales Manager
Permanent · ABERDEEN
PRIMARK
Project Manager
Permanent · ISLIP
SCHUH
Head of Central Merchandising
Permanent · BATHGATE
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Meadowhall
Permanent · Sheffield
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, George Street
Permanent · Edinburgh
HOMESENSE
20066- tk Maxx Homesense Greenwich / Thurrock Security Loss Prevention Advisor Full Time 37.5 Hrs
Permanent · London
COTY
Pan eu Senior Key Account Manager
Permanent · London
DR. MARTENS
Finance Accounting Manager, Korea
Permanent ·
VIVIENNE WESTWOOD
Accounts Payable Assistant
Permanent · LONDON
MULBERRY
Warehouse Administrator
Permanent · SHEPTON MALLET
FRASERS GROUP
PR Manager - Flannels
Permanent · LONDON
Ads
By
Reuters API
Published
Mar 13, 2023
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Meta to wind down NFTs on platforms amid crypto bust

By
Reuters API
Published
Mar 13, 2023

Meta Platforms Inc is cutting off support for digital collectibles or non-fungible tokens (NFTs) on its platforms less than a year after rolling it out, as the crypto market continues to spiral.


Reuters


"We're winding down digital collectibles (NFTs) for now to focus on other ways to support creators, people, and businesses," the social media firm's fintech head, Stephane Kasriel, tweeted on Monday.

The company rolled out support for creators to share NFTs on Instagram and Facebook last year, when the speculative crypto asset had exploded in popularity, with sales of cartoon apes to video clips touching billions of dollars.

But bitcoin and other tokens took a beating in late 2022 after major exchange FTX crashed into sudden bankruptcy.

The downfall was worsened by last week's collapse of three U.S. banks, two of which were crypto-focused.

"We'll continue investing in fintech tools that people and businesses will need for the future. We're streamlining payments w/ Meta Pay, making checkout and payouts easier, and investing in messaging payments across Meta," Kasriel said.

© Thomson Reuters 2023 All rights reserved.