According to news in the morning of March 14, Beijing time, it is reported that Meta launched the digital collection function less than a year ago.Cut off support for digital collections or irreplaceable tokens (NFTs) on its platform。

Stephane Kasriel, the company's head of financial technology, tweeted on Monday local time: "We are now gradually reducing NFT.Instead, focus on supporting creators, individuals, and businesses in other ways. "

Last year, when this speculative encryption asset went viral, sales of "material Post" video clips reached billions of dollars, Meta.Launched services that support creators to share NFT on Instagram and Facebook platforms。

But Bitcoin and other tokens were also hit by the sudden collapse of FTX, a large digital asset derivatives exchange, at the end of 2022.

Last week,Three American banks fail, two of which focus on cryptocurrencyThis also exacerbated the decline in NFT.

"We will continue to invest in financial technology tools that people and businesses need in the future. We are simplifying the payment process through Meta Pay, making checkout and payment easier, and investing in the messaging payment function on Meta, "Kasriel said.