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U.S. tech giant Meta is giving up on operations with non-fungible tokens (NFTs) amid ongoing turbulence in the crypto space. The company allowed creators to share digital collectibles on its leading social media platforms last year. Meta Platforms Cutting Off Support for Non-Fungible Tokens California-based technology conglomerate Meta is winding down
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Despite a turbulent week for crypto following the downfall of Silicon Valley Bank (SVB) and Signature Bank, Bitcoin (BTC) market cap has managed to flip that of tech giant Meta.At the time of writing, data from Companies Market Cap shows Bitcoin's market cap has reached $471.86 billion, surpassing that of Meta’s
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“A big thank you to the partners who joined us on this journey and who're doing great work in a dynamic space,” Kasriel tweeted. “We learned a ton that we’ll be able to apply to products we’re continuing to build to support creators, people, and businesses on our apps, both
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Big Tech firm Meta is scrapping its nonfungible token (NFT) feature across its social media platforms Facebook and Instagram just under a year after it launched.Stephane Kasriel, Meta's head of commerce and financial technologies, tweeted the news on Mar. 13, saying Meta is "winding down" its NFT support as it
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The new text-based content app, codenamed P92, will be backed by ActivityPub – a decentralized social networking protocol. Meta Platforms Inc (NASDAQ: META), the parent company of Facebook and Instagram, has begun working on a unique decentralized social network. According to a Reuters report, the platform will be used to share text
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Meta, the parent company of Facebook and Instagram, is reportedly creating a separate text-based content app that will support ActivityPub — the decentralized social networking protocol that powers Mastodon and other decentralized apps that compete with Twitter. The upcoming app — codenamed P92 — will be Instagram-branded and allow users to
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The app, codenamed P92, will be a standalone product for sharing text updates Source
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Meta is reportedly working towards additional layoffs that could impact another set of thousands of employees. This comes after the technology company laid off 13% of its workers in November 2022 as part of its cost-cutting efforts. On November 9, CEO Mark Zuckerberg said in a letter shared with Meta Platfroms’
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Gamium token is riding high following reports that Meta and Telefonica would provide resources for the Web3 startup. The token of metaverse project Gamium (GMM) recently spiked 340% to $0.0025 following a partnership announcement with Meta Platforms (NASDAQ: META) and telecoms firm Telefonica (NYSE: TEF). According to reports, Gamium will collaborate with Meta
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Meta Platforms has created a new AI team dedicated to enhancing the experience of its social media services. Mark Zuckerberg recently announced that a new team at Meta Platforms (NASDAQ: META) is developing artificial intelligence (AI) products for Instagram and WhatsApp. Zuckerberg said this newly-created product group would focus on generative artificial intelligence.
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