End of a trend: Meta removes NFT features from Facebook and Instagram

After jumping on the NFT bandwagon during peak hype, Instagram and Facebook are now jumping off again. — Photo: Karl-Josef Hildenbrand/dpa

NEW YORK: In a sign that the hype surrounding NFTs is well and truly waning, Facebook and Instagram are removing their support for tokens proving ownership of a digital original.

The step is part of the ongoing focus on priorities, according to a tweet by Stephane Kasriel, the responsible manager of the Facebook group Meta, on Twitter.