Facebook plans to integrate NFT into its services

26-08-2021

Facebook representatives report on the possibility of using NFTs associated with certain products and services. At the same time, the company’s management does not specify how exactly the non-interchangeable tokens are planned to be used. 

One option to use NFT is to support such crypto-assets in a digital wallet Novi. Facebook plans to combine its release with the market launch of the Diem coin. A pilot version of Stablecoin was set to launch in late 2021, but in late summer of this year the developer company Novi announced the possibility of not using Facebook’s proprietary digital coin. The release of a digital wallet without Diem would happen as a last resort, as both elements are necessary for cheaper transactions. 

Facebook’s desire to integrate digital currencies into its projects was criticized by the creator of Ethereum. In an interview with Bloomberg, Vitalik Buterin said that Diem cryptocurrency will not be popular because of the lack of trust in the company. 

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