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Facebook and Instagram to Discontinue Support for Digital Collectibles Starting April 11, 2023

Cointime Official

April 9 (Cointime) - Both Facebook and Instagram have announced that they will wind down support for digital collectibles, with changes taking effect from April 11, 2023. These changes will not impact the contents of users' third-party digital wallets.

Meta, the parent company of Facebook and Instagram, opened NFT sharing on both platforms to all US users on September 2022.

The following changes will be implemented for digital collectibles on Facebook and Instagram:

1. Digital Collectible Posts:

  • Users will no longer be able to create new digital collectible posts on both platforms.
  • Existing collectible posts will remain, but without the shimmer effect or blockchain information. Users can still delete these posts at any time.
  • On Instagram, collectible posts that are only viewable in the digital collectible tab of users' profiles will be moved to their archives.

2. Digital Wallets and Settings:

  • Both platforms will cease maintaining connections or associating accounts with third-party digital wallets.
  • Users will no longer have access to view their digital collectibles in the associated tab or manage their third-party wallet connection settings.

3. User Information and Blockchain:

  • Access and download options for collectible-related information will be disabled on both platforms. Users are encouraged to submit a request for their information before April 11, 2023.
  • Facebook and Instagram will start deleting digital collectible data in their systems, including wallet addresses. Data storage and deletion will be in accordance with their Privacy Policies and Digital Collectibles Terms of Use.
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