Meta has decided to discontinue its NFT and digital collectibles features on Instagram and Facebook, and the news of a second round of layoffs has hit employees hard.

Meta recently announced that it has started testing minting and selling NFTs on Instagram with a small group of creators in the US along with expanding its NFT showcase feature.

Meta announced on September 29 that everyone on Facebook and Instagram in the US could share and cross-post their NFTs. Additionally, users from 100+ countries can now have access to the feature on Instagram.