Meta clings to NFT, blockchain hopes as it shutters its Novi crypto wallet
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Meta will shut down its pilot of the Novi digital wallet in September. Users in parts of the US and Guatemala will no longer be able to log in starting on September 1. Novi's website urges users to empty their accounts "as soon as possible" The company says it's leveraging Novi technology for other projects, including building Meta's capabilities around blockchain and "digital collectibles" Mark Zuckerberg announced his crypto hopes in 2019, with dreams of using crypto for easy transactions in WhatsApp and Facebook Messenger. In January, we detailed the fall of Meta's cryptocurrency aspirations, signaled by the company selling off its assets and refunding investors. The company is already testing NFTs on Instagram as a purported way for creators to make money on the social network. Source