Meta scraps Instagram and Facebook NFTs, Salesforce rolls out platform…
Another interesting week in the NFT world. Here’s our summary of this week’s NFT news (March 11-17), sponsored by NFT Think Tank.
BaFin unsure whether NFTs fall under securities
BaFin, Germany’s federal financial regulator, has recently stated that it is not yet prepared to categorize non-fungible tokens (NFTs) as securities. Instead, BaFin proposes that NFTs should be evaluated on a case-by-case basis for classification and regulatory purposes.
More info here…
Meta withdraws from NFT plans for Facebook and Instagram
Meta withdraws from NFT plans for Facebook and Instagram. Barely a year It’s only been a year since Meta CEO Mark Zuckerberg announced his plan to integrate NFTs into his company’s social media platforms Facebook and Instagram. Barely a year after the pilot, a spokesperson revealed that they are now scrapping the project. Shortly after the pilot, a spokesperson revealed that they are now scrapping the project.
More info here…
Lionel Messi Backs Blockchain Gaming with $21M Seed Funding
Lionel Messi’s investment company, Play Time, has backed soccer-based NFT game, Matchday, with a $21 million seed round of funding. Messi’s involvement is a sign of the growing popularity of blockchain games, which have proven resilient in challenging market conditions.
Matchday is an evolving football-based NFT game where players can create their own fantasy rosters and earn rewards for playing and participating. The game will be officially licensed by the FIFA and FIFPRO players’ associations, indicating its legitimacy.
More info here…
Starbucks launches first set of NFTs
Multinational coffee company Starbucks has been working on its Web3 debut for quite some time, and people are eagerly lining up for things other than just the viral pink coffees. Recently, Starbucks released its first set of limited edition NFTs, and customers wasted no time placing their orders through the Web3 platform. The NFT loyalty program sold out in just 18 minutes.
More info here…
Other NFT news
- Salesforce rolls out platform for big brands to create NFT loyalty program.
- Binance NFT adds Polygon (MATIC) network support to its marketplace.
Pascal is a passionate entrepreneur and one of the founders of Blockzeit. As a crypto and blockchain enthusiast, his goal is to bring more transparency into the blockchain industry.
