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Something is off. Given Meta's ambitions with the metaverse, shutting this down seems contrary to how Meta is thinking of NFT art? Does this mean there's no place for NFT art in the metaverse? Or did something real shady happen in the plaftorm; data that shows people are susceptible to buying NFTs are exorbitant prices, and Instagram wants to stop this behaviours before market education kicks in?

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Given Meta's ambitions with the metaverse..

Zuck announced that they're pivoting to AI, shuttering Reality Labs, and moving Oculus to a pure gaming platform. They have no ambitions for the metaverse any more.

So are they going to rename the company again?

They will save that card until the next privacy scandal. After it they will rename.

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