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Facebook Explores Building NFT Features Alongside Digital Wallet

Aug. 24, 2021, 10:38 PM

Facebook Inc. 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.

“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.

Head of Novi David Marcus on Facebook’s Digital Wallet (Full Interview)

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 ...