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The founder of Facebook confirms that NFT tokens will be integrated into the Instagram platform soon!

The founder of Facebook confirms that NFT tokens will be integrated into the Instagram platform soon!

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Answer The founder of Facebook confirms that NFT tokens will be integrated into the Instagram platform soon!

confirmed Mark Zuckerberg announced that Instagram will soon launch non-fungible tokens (NFT) feature.

The CEO of Meta made the statement at the (SXSW) conference, revealing that the company is already moving forward in the world of NFT and the company’s interest in NFT emerged earlier this year, although details are scarce.

Instagram confirms the addition of NFT soon:

Zuckerberg told Zuckerberg that the feature will be added in the near term, although he did not elaborate further on the matter, and stated:

We are working on bringing NFT to Instagram in the near term.

Read:The Largest Decentralized Social Media Platform Joins the Tron Network (TRX)

I am not ready to announce exactly what it will be like today.

The photo and video sharing app development team is currently working on some technical challenges.

Zuckerberg was talking to Diamond John, the American businessman and investor on the popular Shark TV series “Tank.

Rumors of merging NFT into the Instagram app circulated for a long time, before being confirmed by a leak that surfaced in July 2021.

Meta plans to bring NFT to both Instagram and Facebook, while the latter has a market presence within it.

Meta and metavirus efforts:

Meta has been struggling for 12 months, with a slowdown in Facebook user growth and a massive drop in the company’s stock value.

The company has also been in the spotlight for its role as a disinformation platform exploited by trolls and bad actors.

But to turn things around, it has been pouring billions into the metaverse research department.

Zuckerberg also showcased AI projects related to metaviruses, including the smart assistant.

The company clearly hopes to become the go-to platform for Metaverse in the future, although it will face a lot of stiff competition.

Read:Coinbase is studying the possibility of including 17 new digital currencies

It is estimated that the metavirus market will be valued at $678 billion by 2030, according to a research report.

Read:Binance suspends cryptocurrency trading services for this reason!

As such, companies do not want to be left behind in development.

Over time, the market will see more similar initiatives from big tech companies.

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