Non-fungible tokens are coming to Instagram (NFTs). According to recent speculation, Mark Zuckerberg, the CEO of Meta, said that Instagram would be gaining NFTs soon, which may happen this week.
As the company’s CEO has mentioned, Meta has been contemplating NFT integration with Instagram for quite some time. CoinDesk piece, NFTs from some of the most prominent blockchain networks are now coming to Instagram. According to the study, NFTs on Ethereum, Polygon, Solana, and Flow are heading to Instagram since these blockchain networks comprise the bulk of NFTs. According to the story, a small group of NFT fans based in the United States would participate in the Instagram pilot. However, Instagram’s support for NFTs is from the four blockchains above.
The photo-sharing network wants to enable popular crypto wallets such as Metamask, according to a CoinDesk article. By connecting their wallets, users will be able to authenticate ownership of NFTs and show them on their Instagram accounts. According to CoinDesk, Instagram will not charge users to exhibit and publish their NFTs, similar to what Twitter did earlier this year with NFT profile photographs.
In March, this follows Zuckerberg’s announcement that Meta is experimenting with NFTs on Instagram. He said the business is looking at NFTs and intends to join the market after the team has found out how to overcome the problems “technical difficulties.” Instagram CEO Adam Mosseri has claimed that the firm is “experimenting” with new features.” NFTs were created last year to bring the technology to a larger audience.
Because it has over a billion daily active users and many people use it to show off their artwork, Instagram is an excellent venue for NFTs.