Wednesday, November 16, 2022

NFT soon on Instagram

Mark Zuckerberg announced that selected Instagram users in the US would be able to display NFTs on their profiles and in messages.

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Meta CEO Mark Zuckerberg announced that the company is testing the addition of Non-fungible tokens (NFT) on Instagram and that a similar possibility will soon come to Facebook.

More details about this test were given by Instagram presenter Adam Mosseri, who says a small group of U.S. users will have the ability to display NFT on their feed, stories, and messages. Namely, the details of NFT will be displayed to users in a similar way as the marked profiles on the posts, and all this under the name “digital collectibles” (digital collectibles).

“This week we are starting to test digital collectibles with a few American creators and collectors who will be able to share their NFTs on Instagram. The fee for posting or sharing NFTs on Instagram will not be charged, “Mosseri wrote on Twitter.

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Furthermore, Mosseri notes that support for NFTs on Instagram could help many people become familiar with the new technology. Whether this will indeed be the case remains to be seen, but it should certainly be noted that Instagram is not the first social network to try its hand at NFTs.

Earlier this year, Twitter officially introduced support for NFTs in the form of a hexagonal profile picture.

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