Meta NFT plans in full swing despite the end of crypto program Novi
After announcing the closure of the Novi project, Meta clarified that the other crypto projects are going as planned. The company has been working with non-fungible tokens (NFTs) for quite some time now.
Novi ends from 1 September
Just a few days ago, the company announced that the Novi project, which allows money transfers and international money transfers, will soon be closed. The company said that the project would not be operational from 1 September. The team alerted Novi users to get the remaining balance in their accounts.
“The Novi pilot will end soon. Novi will no longer be available for use after September 1. Before Novi disappears, we have made it easy for you to get the remaining balance and download your Novi information.”
No change in the Meta NFT project
Meanwhile, the big technology giant leaves no stone unturned with regard to its NFT project. According to a Financial Times report, Meta’s plans for NFTs have not changed in any way. Stephane Kasriel, the company’s fintech chief, said millions of Meta users would be able to collect NFTs.
“The opportunity Meta sees is for the hundreds of millions or billions of people who use our apps today. They will be able to collect digital collectibles. For the millions of creators out there, it could potentially create virtual and digital goods to sell them. through our platforms. ”
Kasriel said that the crypto industry went through a hype cycle in recent times. The hype had the first enthusiasm that crashed in a bear market, he added. In May this year, a senior manager in Meta with responsibility for payments and crypto left the company to explore opportunities in the crypto industry.
David Marcus, the former payment and crypto manager at Meta, had then announced his entrepreneurial attempt in the crypto ecosystem. He announced the launch of a startup Lightspark to explore, build and expand the capabilities and benefits of Bitcoin.
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