👋 Meta winds down Instagram NFT support
👋 Meta winds down Instagram NFT support
To focus on new ways to support creators
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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Meta is killing 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.
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 “to focus on other ways to support creators, people, and businesses,” Kasriel wrote.
“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 today and in the metaverse.”
Kasriel added the firm is still prioritizing ways for users to “connect with their fans and monetize” and will focus on products such as “monetization opps for Reels” and “messaging payments across Meta.”
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.
By November, Meta allowed a small group of U.S. creators to mint and sell NFTs on the Polygon blockchain directly from Instagram.
On Friday, The Wall Street Journal reported that Meta is planning multiple rounds of layoffs in the coming months. People familiar with the matter told WSJ that the company will likely “shut down some projects and teams.”
GM may introduce a ChatGPT-like digital assistant
American car manufacturer General Motors (GM) is developing its own AI assistant using OpenAI's technology and Microsoft's Azure cloud service.
The news was first reported over the weekend by Semafor, with GM later sharing confirmation with Reuters.
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.
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.
"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.
According to Semafor, the 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
💰 Euler Finance exploited for $197 million
🖼️ Top 5 NFT projects by sales volume: March 6 - 12
👀 OpenAI’s GPT-4 may launch this week
🚀 Bitcoin crosses $24.7K early Tuesday
Discover more Waves in the Waivly Discord. Click here to get onboard! 🌊
Venture Special
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.
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.
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 Pokémon Company looks to hire a Web3 expert
The Pokémon Company has posted a new job listing for a Corporate Development Principal, and it looks like the position requires the candidate to have a grasp of Web3.
Specifically, the firm is looking for someone with “deep knowledge and understanding of Web3, including blockchain technologies and NFT, and/or metaverse.”
Notably, it wants someone who’s already immersed in the space, asking for applicants that are “deeply connected to a network of investors and entrepreneurs in the technology sectors above (Web3 and metaverse).”
While the listing does not reveal The Pokémon Company's Web3 plans, it says the Corporate Development Principal will develop an internal “innovation challenge” to help introduce new Pokémon experiences to the world.
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
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