Meta discontinues NFT services on Instagram and Facebook, and Binance NFT marketplace adds support for trading NFTs on the Polygon blockchain network.
Welcome to the latest issue of Cointelegraph's Nifty Communications. Keep reading and learn the latest story about the latest release of the unchangeable dynamic password. Every Wednesday, Nifty Newsletter announces and encourages you to delve deeper into the latest trends and opinions released by NFT.
Why do you read the article in this week's newsletter?Meta decided to terminate the irreplaceable dynamic password (NFT) special tools in Instagram and Facebook, and take a look at the virtual world greenhouse full of dynamically changing, breeding NFT flowers. Learn more about the information content that Binance NFT promotes Polygon Internet support to its market, and last but not least, Nifty News details the new artificial intelligence technology (AI) specialized tools that can generate security and clarity for the NFT market, and why French regulators are trying to adopt a case-by-case approach to NFT.
Meta deactivates NFT on Instagram and Facebook
Meta, the Internet giant and head office of Facebook, has indicated that it will remove NFT from social platforms Facebook and Instagram. This happened only 10 months after the first operation of the integration.
Stephen Northlier, director of business services and financial technology at Meta, tweeted this message on March 13. He said the company was "phasing out" its strong support for NFT and was "committed to multiple ways to support creators, people and companies," while giving priority to monetized placement and getting in touch with fans.
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The virtual world will have a greenhouse and a garden full of NFT flowers
On March 8, the heterosis project introduced the near infrared spectrum of flowers with data of personal collection, reproduction and dynamic change. After the initial scented mint of NFT flowers, customers can take a look at more flower file catalogs and "breed" flowers to create hybrid populations.
According to the announcement of the project, when a new floral feature is discovered, it will spread to all species, just like the diversity in nature. Each bouquet will be stored in a virtual world greenhouse designed for London National gallery digital reproduction.
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Binance NFT has enhanced its application to the Polygon Internet in the market.
Binance NFT, the NFT arm of the cryptocurrency exchange, has announced that it has enhanced its application to the Polygon Internet in the market.
This move inherits the expansion in the Binance NFT ecosystem. A new integration allows Binance NFT Marketplace users to use his Binance account to buy and sell NFT on various blockchains, including Etherum, BNB Smart Chain and Polygon.
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The Federal Financial Regulatory Administration of the United States proposes to adopt the form of "case-by-case resolution" for non-financial investments.
The Federal Bureau of Financial Industry Supervision (BaFin) said it was not ready to screen with NFT in advance, and called for screening based on the actual situation.
Regulators say NFT violations are called securities norms, although they will be called securities in the near future. However, regulators also cite an example where NFT includes mining rights or ownership documents, such as distributor service pledges, which can be seen as a project investment.
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Generate security and clarity for the NFT market according to one of the means of AI
The pan-entertainment and lack of standardization in the field of NFT lead to the confusion of users in various markets. Diversified collections and inconsistent pricing strategies complicate buying and selling.
As artificial intelligence technology machine learning algorithms become more and more available, they can benefit customers in the NFT field by checking security risks, providing consumers with a safer and more trustworthy experience.
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We'll see you next week, the introduction to the most important trend in the NFT industry. Come back next Wednesday to learn more about this booming industry report and opinion.