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πŸ‘‹ Meta winds down Instagram NFT support

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πŸ‘‹ Meta winds down Instagram NFT support

To focus on new ways to support creators

Mar 14
3
Share this post

πŸ‘‹ Meta winds down Instagram NFT support

www.waivly.com

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Hey Waivly Crew! 🌊 Meta will sunset its NFT features on Facebook and Instagram, just ten months after they first launched. GM is developing an in-car assistant using the technology behind ChatGPT.

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Want more from us at Waivly? Join Waivly+, the premium Waivly membership that gives you exclusive Web3, NFT, and crypto content, insights, and news, full access to Waivly Jobs and Learn, and so much more, all blended together into one super low-cost and quick to join membership πŸŽ‰ Click here to get onboard and to become a Waivly+ Crew member! Enjoy a huge 50% off saving on your membership by joining today.


Meta is killing NFT support on Instagram and Facebook

Meta Phases Out NFT Support on Instagram and Facebook

Meta, the parent company of Instagram and Facebook, is winding down its integration of digital collectibles (NFTs) on its platforms.

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Stephane Kasriel, Meta’s head of commerce and financial technologies, shared the news in a Twitter thread on Monday. The tech giant is shutting down its NFT initiative β€œto focus on other ways to support creators, people, and businesses,” Kasriel wrote.

Twitter avatar for @skasriel
Stephane Kasriel @skasriel
Some product news: across the company, we're looking closely at what we prioritize to increase our focus. We’re winding down digital collectibles (NFTs) for now to focus on other ways to support creators, people, and businesses. 🧡[1/5]
9:05 PM βˆ™ Mar 13, 2023
838Likes196Retweets

β€œA big thank you to the partners who joined us on this journey and who're doing great work in a dynamic space,” Kasriel tweeted. β€œWe 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 today and in the metaverse.”

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Kasriel added the firm is still prioritizing ways for users to β€œconnect with their fans and monetize” and will focus on products such as β€œmonetization opps for Reels” and β€œmessaging payments across Meta.”

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The update comes almost exactly a year after Meta CEO Mark Zuckerberg announced at SXSW that Instagram was working on NFT support, which debuted last May.

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By November, Meta allowed a small group of U.S. creators to mint and sell NFTs on the Polygon blockchain directly from Instagram.

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On Friday, The Wall Street JournalΒ reportedΒ that Meta is planning multiple rounds of layoffs in the coming months. People familiar with the matter told WSJ that the company will likely β€œshut down some projects and teams.”


GM may introduce a ChatGPT-like digital assistant

GM's Search for In-Car Tech Lands on Google | WIRED

American car manufacturerΒ General Motors (GM) is developing its own AI assistant using OpenAI's technology and Microsoft's Azure cloud service.

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The news was first reported over the weekend byΒ Semafor, with GM later sharing confirmation with Reuters.Β 

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Among other things, the automaker envisions the digital assistant could be used to access information on how to use vehicle features usually found in an owner’s manual.

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For instance, the assistant could show drivers how to replace a flat tire. It could also offer integration and scheduling features with other devices, including garage door openers.

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"This shift is not just about one single capability like the evolution of voice commands, but instead means that customers can expect their future vehicles to be far more capable and fresh overall when it comes to emerging technologies," a GM spokesperson told Reuters.

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According toΒ Semafor, theΒ AI assistant will behave differently than ChatGPT or Bing Chat. GM is reportedly working on adding a "more car-specific layer" on top of OpenAI's large language models.


The Waves

πŸ’° Euler Finance exploited for $197 million

πŸ–ΌοΈ Top 5 NFT projects by sales volume: March 6 - 12

πŸ‘€ OpenAI’s GPT-4 may launch this week

πŸš€ Bitcoin crosses $24.7K early Tuesday

Discover more Waves in the Waivly Discord. Click here to get onboard! 🌊


Venture Special

Assisterr

Assisterr aims to democratize web3 analytics by powering it with a natural language interface. Think about it as a personal AI assistant for the Web3 industry.

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Hyperfy

Hyperfy is a virtual world engine that lets you own, build and trade entire worlds in the metaverse. All worlds live on the Ethereum blockchain and can be freely traded on the open market.

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Ai LiLi

Ai LiLi is an NFT chatbot that gives personalities to your NFTs and allows you to talk with them via Discord. You can also create new NFTs with custom personalities, or invite your friends and a bunch of NFTs into the same group chat for a shared experience.


The PokΓ©mon Company looks to hire a Web3 expert

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The PokΓ©mon Company has posted aΒ new job listingΒ for a Corporate Development Principal, and it looks like the position requires the candidate to have a grasp of Web3.

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Specifically, the firm is looking for someone with β€œdeep knowledge and understanding of Web3, including blockchain technologies and NFT, and/or metaverse.” 

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Notably, it wants someone who’s already immersed in the space, asking for applicants that are β€œdeeply connected to a network of investors and entrepreneurs in the technology sectors above (Web3 and metaverse).”

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While the listing does not reveal The PokΓ©mon Company's Web3 plans, it says the Corporate Development Principal will develop an internal β€œinnovation challenge” to help introduce new PokΓ©mon experiences to the world.

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Last week, Square Enix's president confirmed that it plans to release multiple blockchain games next year. Sony, EA, and Konami have all previously shown interest in NFTs, while Minecraft developer Mojang has said "no" to them.


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Waivly Jobs Highlights

πŸ‘©β€πŸ’» NodeJS Developers at SeaClub

πŸ‘©β€πŸ’» Blockchain Software Developer at G4AL

πŸ‘©β€πŸ’» Influencer Marketing Specialist (Crypto) at Seedify

πŸ‘©β€πŸ’» Client Account Manager at SCRIB3


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πŸ‘‹ Meta winds down Instagram NFT support

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