NFTs are now rolling out on Instagram for the first time
This is the beginning of Meta’s journey into the NFT world.
The day has finally come. We were told (or warned) about NFTs coming to Instagram a couple of months ago and now Mark Zuckerberg has announced that testing for the new feature will start this week.
Zuckerberg took to Facebook to share the news of the upcoming NFT testing. This week we’re starting to test digital collectibles on Instagram so creators and collectors can display their NFTs on their profile,” wrote the Meta CEO.
Additionally, Zuckerberg shared that NFTs will be coming to Facebook as well sometime soon. Meta is also working with Spart AR, its augmented reality software, to bring 3D NFTs to Instagram Stories.
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As for exactly how NFTs on Instagram will work, the platform’s leader, Adam Mosseri, shared a few more details about the new feature in a video on Twitter.
Users will be able to share their NFTs, created or purchased, on feeds, Stories, and even through messages.
NFTs will initially be available to a small number of creators and collectors as the platform works out the details of the new feature. Sharing NFTs will remain completely free on Instagram. And Mosseri hopes that it could lead to another revenue source for creators on the platform.
READ MORE: Facebook NFTs now open to a few US creators
Speaking with Engadget, a Meta spokesperson told the publication that NFTs from the Ethereum and Polygon blockchains will be available initially. The platform will allow Rainbow, MetaMask, and Trust Wallet wallets at first, with expansion to other wallets and blockchains coming in the future.
This is likely just the beginning of NFT integrations for Meta. With the company’s focus on developing a metaverse, NFTs will likely play a major role.
Additionally, Zuckerberg confirmed that Meta is considering NFTs for its “family” of apps, like WhatsApp and Messenger.
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