Meta Affirms Digital Collectibles Plan Despite Crypto Crash: Report
— Digital goods, Monetizing, Bought, Nod, May otherwise, Many sectors, Digital, Social media giant made, Attract creators back, Sold — 1 min read
Social media giant has seen NFTs as an opportunity to attract creators back to Facebook or Instagram that may otherwise be drifting towards TikTok by giving them a means of monetizing their content. The social media giant changed its corporate name from Facebook to Meta in October last year. At the start of this month, Meta began testing Polygon and Etherum-based NFTS among selected users on Facebook. At least one of the social media giants is already testing the social network's NFT system on selected users at the beginning of the month. The company is hoping to attract users back to its platforms by offering them a way to monetize their content and collect digital collectibles, Kasriel said. He added that the blockchain industry has performed a "hype cycle" Source