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Facebook Considers Building NFT Features Alongside Digital Wallet

Amy Liu

Summary: Facebook is considering building products and features related to nonfungible tokens, or NFTs, the digital assets that have taken off with the rise of blockchain technology, according to Bloomberg. “We’re definitely looking at the number of ways to get involved in the space because we think we’re in a really good position to do so,” ...

Facebook is considering building products and features related to nonfungible tokens, or NFTs, the digital assets that have taken off with the rise of blockchain technology, according to Bloomberg.

“We’re definitely looking at the number of ways to get involved in the space because we think we’re in a really good position to do so,” Facebook executive David Marcus said Tuesday in an interview on Bloomberg Television.

Marcus leads F2, or Facebook Financial, the internal group developing the company’s Novi digital wallet. That wallet could be used to hold NFTs, he said. “When you have a good crypto wallet like Novi will be, you also have to think about how to help consumers support NFTs”. He wasn’t more specific about what kinds of NFT-related products Facebook might build.

By Amy Liu

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