thetechxp is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission.

Instagram soon launch NFTs — Everything you need to know

Advertisements

In support of the internet’s favourite new fad, NFTs, Instagram has stepped up its presence on the social media platform.

image credits: dnyuz

Despite the fact that NFTs seem to be encroaching on every aspect of online life, it seems that few platforms will be able to escape their influence. Facebook/Meta CEO Mark Zuckerberg (via Engadget) said that NFTs will be arriving to the social media platform “over the next few months,” thus Instagram isn’t in the running for that distinction.

Instagram users will be able to “bring some of your NFTs in, perhaps over time be able to mint things inside that ecosystem,” Zuckerberg revealed during a South by Southwest event.

Advertisements

It seems that Instagram will begin by providing some assistance for the integration of already acquired NFTs. Instagram’s intentions to allow NFT owners to show their purchases as a distinctive hexagonal profile image are similar to Twitter’s plans, but no precise specifics have been released.

It’s not the first time we’ve heard Meta’s aspirations for NFT integration on their platforms. The Financial Times reported in January that Facebook and Instagram were also seeking to include NFTs.

NFTs might be minted on each site and used as profile photographs, according to this study. There was also a rumour that an NFT marketplace was being discussed, maybe to take advantage of NFTs’ resurgence in popularity.

Advertisements

He also hinted at potential integration with the metaverse, saying it would be able to mint your avatar’s apparel as an NFT and take “it across other locations.”.

So, it’s no surprise that Facebook/Meta is trying to make the metaverse and virtual reality places the next big thing by exploring every available option – even digital apparel that you “own.”

However, don’t get your hopes up too high just yet: According to reports, Facebook CEO Mark Zuckerberg has revealed that NFTs won’t be available on Instagram for a long, adding that “a lot of technical problems need to be sorted out before it’ll really be seamless.”

Advertisements

Even so, the arrival of NFTs on Instagram (and maybe Facebook as well) looks likely, so keep an eye out for updates.

Leave a Comment