According to Foresight News, Instagram announced in its help center that it will gradually end support for digital collectibles, and the change will take effect on April 11, 2023. The content of users' third-party electronic wallets will not be affected. At that time, users will no longer be able to create new digital collectibles posts on Instagram; all collectibles shared by users will still be retained in the form of posts, but will not contain any flash effects and blockchain information, and users can still delete these posts at any time; collectibles posts that are only visible in the "Digital Collectibles" tab on the user's homepage will be moved to the user's private folder.

In addition, Instagram will no longer connect to users' third-party e-wallets or link users' accounts to third-party e-wallets, and users will no longer be able to view their digital collections in the associated tab or manage third-party e-wallet connection settings. Users will no longer be able to access or download personal information related to collections. If you want to download your personal information, please submit a request before April 11, 2023. Instagram will begin deleting digital collections data from its system, including users' wallet addresses. Storage and deletion of data will be carried out in accordance with its privacy policy and digital collections terms of use.