Meta to Lay Off 10K Employees, End Support for NFTs on Instagram, Facebook
Meta Platforms Inc. is planning on cutting around 10,000 jobs in another round of layoffs. Separately, the parent company of Facebook and Instagram is winding down its integration of non-fungible tokens (NFTs) on its platforms. “The Hash” panel weighs in on the latest news from the tech giant.
Meta Will End Support for NFTs on Instagram, Facebook
Meta’s Stephane Kasriel said on Twitter the decision is prompted by a desire “to focus on other ways to support creators, people, and businesses.”
Conflux Token Spikes 60% After Integrating China’s Version of Instagram
Conflux, the native token of the layer 1 Conflux blockchain, soared by 60.25% on Thursday after it announced it had integrated Little Red Book, China's version of Instagram. Conflux received a $5 million research grant from Shanghai's government in 2021. "The Hash" hosts discuss the cultural contexts, lack of clarity and changes in China's policy towards digital assets.
Conflux Token Spikes 60% as Blockchain Integrates China’s Version of Instagram
200 million users will now be able to display Conflux NFTs on their Little Red Book profile pages.
Top NFT Projects Launched on Instagram Are Selling Out in Seconds
NFT creators and collectors saw opportunities to present their digital assets to Instagram, one of the largest social media platforms in the world, since its parent company Meta Platforms began testing out non-fungible token (NFT) sharing early last year. "The Hash" panel discusses what this means to mainstream adoption of NFTs.
Top NFT Artists Are Launching Projects on Instagram and Selling Out in Seconds
The platform has facilitated successful NFT drops from artists including Micah Johnson, Drifter Shoots and Refik Anadol, bridging the gap between Web2 platforms and Web3 technology.
Brands Will Save Crypto? Be Careful What You Wish For
Legacy platforms and mega-companies are helping usher blockchain frameworks into the mainstream, but we must deliberately build systems over which those corporate machines can’t exert control.
Les marques vont-elles sauver la Crypto? Fais attention à ce que tu souhaites
Les plates-formes traditionnelles et les méga-entreprises contribuent à généraliser les cadres blockchain, mais nous devons délibérément construire des systèmes sur lesquels ces machines d'entreprise ne peuvent T exercer de contrôle.
Ang Mga Brand ay Makakatipid sa Crypto? Mag-ingat ka sa mga hinihiling mo
Tinutulungan ng mga legacy platform at mega-companies na ipasok ang mga framework ng blockchain sa mainstream, ngunit dapat nating sadyang bumuo ng mga system kung saan T makontrol ng mga corporate machine na iyon.
As marcas salvarão a Cripto? Cuidado com o que você deseja
Plataformas legadas e megaempresas estão ajudando a introduzir estruturas de blockchain no mainstream, mas devemos construir deliberadamente sistemas sobre os quais essas máquinas corporativas T possam exercer controle.