FILE PHOTO: The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann
(Reuters) -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.
"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.
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