Instagram will support non-fungible NFT tokens based on Ethereum, Solana, and other blockchains
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Answer Instagram will support non-fungible NFT tokens based on Ethereum, Solana, and other blockchains
We have already discussed Arab Bitcoin About the imminent integration of NFT tokens into the “Instagram” platform, which the founder of Facebook indicated earlier.
And things seem to be getting closer than ever with new details emerging.
The popular photo sharing app will allow viewing of NFT issued on the Ethereum, Solana, Polygon, and Flow blockchains for free.
Meta, the owner of Instagram, has not officially confirmed this move yet, but the report issued by Source He says the tech giant may make an official announcement as early as next week.
Instagram’s entry into the NFT should come as no surprise.Read:Twitter founder reveals his plan to help cryptocurrency adoption
In December, Adam Mosseri, the head of Instagram, said the social media platform was actively exploring NFT without disclosing any further plans.
In January, the Financial Times reiterated that the photo-sharing app had begun testing the NFT display feature initially and internally.
David Marcus, the former head of Facebook’s blockchain arm who split from the company in December, was responsible for working on the NFT extension.
He was then replaced by the former CEO of Upwork Stefan Kasrel.
According to some press reports, Facebook is also currently working on creating its own marketplace for NFT.Read:Futures Trading Commission Sues Fake Firm That Cost Bitcoin Investors $147 Million
Sending $37 billion worth to the NFT market within 4 months…Details here
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