Instagram is getting non-fungible tokens (NFTs). Mark Zuckerberg, the former CEO of Facebook, had announced that Instagram would be getting NFTs shortly, and according to a recent rumour, that could happen this week.
Meta has been planning NFT integration with Instagram for quite some time, as the company's CEO has already stated. NFTs from some of the most popular blockchain networks are now heading to Instagram, according to a CoinDesk story. NFTs on Ethereum, Polygon, Solana, and Flow are headed to Instagram, according to the research, because these blockchain networks contain the majority of NFTs. According to the article, the Instagram pilot would feature a limited number of NFT enthusiasts centered in the United States. Instagram's support for NFTs from the four blockchains mentioned above, however, remains unknown.
According to a CoinDesk article, the photo-sharing network plans to enable popular crypto wallets such as Metamask. Users will be able to prove ownership of NFTs and display them on their Instagram profiles by linking their wallets. Instagram will not charge users to showcase and upload their NFTs, according to CoinDesk, similar to what Twitter did with NFT profile images earlier this year.
This comes after Zuckerberg said in March that Meta is testing NFTs on Instagram. He stated that the company is investigating NFTs and plans to enter the market after the team has figured out how to overcome the "technical challenges." Previously, Instagram CEO Adam Mosseri stated that the company is "exploring" new features "Last year, NFTs were developed with the purpose of extending the technology to a wider audience.
After this NFT integration with Instagram. NFT market will touch the sky… Maybe this is the right time to develop your own NFT marketplace and get more profit.
How to get your own NFT Marketplace?
Instagram is a wonderful venue for NFTs because it has over a billion daily active users and many individuals use it to show off their artwork.
Good stuff if it works out, I just hope it really works out and benefits the majority.
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Did not know this. Very good news. Thanks @oliveralan.
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@fijimermaid Thank you so much.
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With even the latest update from Facebook,we might soon be seeing nft on Facebook soon
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