NFTs Are About To Invade Instagram

NFTs are so sizzling proper now that almost everyone seems to be leaping on board that bandwagon. In truth, evidently Instagram will probably be one of many firms that will probably be supporting it. In an announcement at SXSW, Meta’s CEO Mark Zuckberg has introduced that NFTs will probably be coming to Instagram “in the near term”.

According to Zuckerberg’s announcement, “We’re working on bringing NFTs to Instagram in the near term. I’m not ready to kind of announce exactly what that’s going to be today. But over the next several months, the ability to bring some of your NFTs in, hopefully over time be able to mint things within that environment.”

This shouldn’t actually come as a shock given the recognition of the tech, so for Meta to try to leverage it and appeal to new customers and to maintain current ones is smart. Plus, Instagram head Adam Mosseri had beforehand said that the corporate was actively exploring the tech.

That being mentioned, we’re undecided how nicely Instagram customers will take to the information. Other firms equivalent to recreation builders had beforehand introduced their very own assist for NFTs however have been met with large backlash. While the underlying tech and idea behind NFTs has promise, the extremely speculative nature of it, particularly since it’s backed by cryptocurrency which in itself can be extremely speculative, has triggered fairly a little bit of controversy.

Filed in General. Read extra about Instagram, Meta and Nft. Source: engadget