Meta Platforms is cutting 10,000 jobs, cancelling lower-priority projects, and winding down efforts with non-fungible tokens on Facebook and Instagram.
According to an executive, Meta will instead focus on creating opportunities for content creators and online businesses who want to earn.
The Meta Verified feature will provide a badge indicating a verified account, direct access to customer support, and greater visibility
Registered since December 31, 2021, NOVI is no longer registered according to the latest list published by the central bank last September.
Currently, the platform supports connections with third-party wallets including Rainbow, MetaMask, Trust Wallet, Coinbase Wallet and Dapper Wallet.
Facebook Reality Labs (FRL) generated $452 million in revenue for the second quarter; a 35% down from last quarter.
However, several creators in the Philippines reported that the feature is not yet available locally.
Facebook users will now be able to create custom NFT posts, with a ‘Digital Collectible’ tag.
The initiative is part of the company’s plans to help the creators make more money on the platforms.
Facebook, whose subsidiary Novi has a VASP crypto exchange license in the Philippines, is launching Meta Pay.