Facebook’s Metaverse Will Support NFTs

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Facebook said Thursday the company’s metaverse will support non-fungible tokens (NFTs) in a possible boost to Ethereum, where the digital collectibles format has thrived.

“This will make it easier for people to sell Limited Edition digital objects like NFTs, display them in their digital spaces and even resell them to the next person securely,” Facebook Head of Metaverse Products Vishal Shah said.

The news comes as Facebook delves further into the virtual world. The social media behemoth already owns virtual reality headset maker Oculus and recently signaled a major hiring push for its metaverse unit.

“Our goal is to provide a way for as many players as possible to build a business in the metaverse,” Shah said.

This is a developing story and will be updated.

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