April 26, 2025
Blockchain

Instagram will start accepting NFTs on their profiles and soon Stories. Facebook will follow

  • May 9, 2022
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Mark Zuckerberg announced that Meta will begin experimenting with “digital collectibles” on Instagram, so creators and collectors alike can display an NFT as their profile picture. that option

Instagram will start accepting NFTs on their profiles and soon Stories.  Facebook will follow

Mark Zuckerberg announced that Meta will begin experimenting with “digital collectibles” on Instagram, so creators and collectors alike can display an NFT as their profile picture.

that option coming soon to facebook, but Instagram will start testing sooner with augmented reality-generated NFTs that can be published to Stories via Spark AR. The head of Instagram added that there will be no commissions at this time.

NFTs reach Meta, but do so timidly

option, which already existed Previously on social networks such as Twitter, it is now becoming part of the Instagram offering and soon Facebook.

“This will make it easier for people to sell limited edition digital objects like NFTs, display them in their digital space,” said Vishal Shah, head of the Metaverse division. and even resell them safely to other people“.

Adam Mosseri, CEO of Instagram, announced that they will start offering this option a small group of users, after which the option will be refined and reach more people. He also clarified that no commissions are currently charged for this type of function, but there are no further details on how it works than on the creation and trading of NFTs.

For example, it is not known which currency will be used to trade these NFTs and it is not clear at the moment. for example if they are going to use Ethereum or perhaps its own cryptocurrency that was leaked a few weeks ago.

Source: Xataka

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