Meta CEO Mark Zuckerberg confirmed non-fungible tokens (NFTs) will soon arrive on Instagram. “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” Meto CEO revelaed speaking at the South By Southwest event on Tuesday.
The Meta CEO Mark Zuckerberg also added “a bunch of technical things that need to get worked out before that’ll really be seamless to happen.”
Speaking to a Press Conference Meta CEO Mark Zuckerberg said “We’re working on bringing NFTs to Instagram in the near term,”
What’s NFT?
NFT means non-fungible token and NFTs allow you to buy and sell ownership of unique digital items and keep track of who owns them using the blockchain. NFT can be anything digital that includes drawings, animated GIFs, songs, or items in video games. An NFT can either be one-of-a-kind, it can be a drawing /painting, like trading cards, but the blockchain keeps track of who has ownership of the file. You can buy and sell on Instagram with these NFT and the NFT’s are making headlines lately.
Mark Zuckerberg recently revelead that as the social network begins initial steps to create augmented reality (AR)-driven Metaverse experiences for billions, the country and its vast pool of talent is going to be a huge part of that journey.
Facebook CEO also revealed that he very excited about the Metaverse and the role India is going to play in building the Metaverse future during a conversation at the company’s fuel for INDIA’s event.
Earlier this year, social networking platform Twitter introduced a new feature to let its users set an NFT they own as their profile picture. Instagram Head Adam Mosseri recently revealed that the team was “actively exploring NFTs”.
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