Facebook is looking for NFTs

August 26, 2021


“At the point when you have a decent crypto wallet like Novi will be, you additionally need to contemplate how to assist customers with supporting NFTs,” Facebook’s David Marcus said.

As Facebook currently settles the advancement of its restrictive cryptographic money wallet, Novi, the web-based media monster could before long be supporting nonfungible tokens (NFT).

David Marcus, head of Facebook Financial and co-maker of Facebook-started digital money Diem, said Wednesday that the firm is “certainly looking” at conceivable approaches to engage in the NFT business.

Facebook is thinking about various alternatives to present NFT highlights, as it ends up in a “great situation to do as such,” Marcus said in a Bloomberg Television meet. “At the point when you have a decent crypto wallet like Novi will be, you likewise need to ponder how to assist buyers with supporting NFTs,” he added.

Marcus said that the Novi crypto wallet is currently “prepared to dispatch” a few years of improvement, however Facebook has chosen to require its dispatch to be postponed until the firm gets endorsement from controllers to push ahead with Diem. Facebook started work on the advanced cash two years prior, at first under the name Libra. The web-based media monster would in any case think about dispatching Novi without Diem “if all else fails,” Marcus said, yet he accepts that both are important for Diem to be a triumph.

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