NFTs, the famous non-fungible tokens, are coming to Instagram. The announcement was made official in person by Instagram boss Adam Mosseri, who posted a tweet for the occasion accompanied by a video detailing the new possibilities offered by NFT support on the platform.
NFTs on Instagram ?
This week we’re beginning to test digital collectibles with a handful of US creators and collectors who will be able to share NFTs on Instagram. There will be no fees associated with posting or sharing a digital collectible on IG.
See you next week! ✌? pic.twitter.com/VuJbMVSBDr
— Adam Mosseri (@mosseri) May 9, 2022
This life-size test will initially be reserved for a handful of handpicked creators, and only in the United States. Posting or creating an NFT on Instagram will be totally free and will be done through the blockchain Ethereum and Polygon at launch, and Flow and Solana later.
Separately, Instagram says it will support cryptocurrency wallets from Rainbow, MetaMask, and Trust Wallet at launch, and Coinbase, Drapper, and Phantom wallets later.
The happy content creators selected by Instagram can now share on their Instagram feed, in their stories or via private messaging NFTs that they have created themselves, but also NFTs that they have purchased and of which they are therefore owners.
Also see video:
The Instagram boss, who has stressed the importance of the content creator economy on his platform, sees NFT support as a new way for creators to make a living on his social network. Mark Zuckerberg, the boss of Meta, the parent company of Facebook and Instagram, also said that similar features would soon be deployed on Facebook, as well as on other applications in the Meta ecosystem.
Source : TechCrunch