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NFTs are coming to Instagram, including the ability to hit
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(Pocket-lint) – Meta CEO Mark Zuckerberg has reportedly announced that NFTs will be coming to Instagram, although details are still vague.
He announced the news during a session at South By Southwest. “We are working on bringing NFTs to Instagram in the near term,” he said, according to The Financial Times, Engadget and The Daily Beast. “I’m not ready to announce exactly what it’s going to be like today. But over the next few months the possibility of bringing in some of your NFTs.”
“Hopefully over time we can create things in this environment,” he added.
Keep in mind that last year Instagram said it ” was actively exploring NFTs Then, in January, reports claimed that Facebook and Instagram were developing NFT integrations – including features to let you use an NFT as a profile and create NFTs on the platform. fungible”. Pocket-lint has a guide to them here, but in a nutshell, it can contain everything from animated GIFs to songs. An NFT can be one of a kind or a copy of many – that’s because the blockchain is used to keep track of who owns the file.
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It’s currently unclear whether Meta will let you, for example, sell a popular Instagram post as an NFT, or create NFTs that provide access to hidden Instagram stories. Also imagine a marketplace, where you can buy and sell ownership of these digital assets, all on Instagram. We think there will also be some sort of metaverse layer here.
Instagram will not be the first social network to offer NFTs. Twitter already allows some users to set an NFT as their profile picture. They appear as hexagons.
Written by Maggie Tillman.