NFTs have been taking the world by storm, and now Instagram is gearing up for them too!
Creators on Instagram are like ambassadors of culture, inspiring millions of people around the world through this platform. With the incredible blockchain technology, we’re now going to see them leverage new tools and make a fortune.
A group of NFT collectors and creators will soon be able to showcase their NFTs on Instagram, where fans will be able to support their favorite creators by purchasing their digital collectibles—digital paintings, gifs, video clips, music, trading cards, and more —as NFTs.
The Meta CEO confirmed that the company is testing out NFTs on Instagram and plans to implement the idea with similar functionality on Facebook soon (apologies: “Meta”).
“We’re starting building for NFTs in not just our metaverse Reality Labs, but also across our family of apps. We’re starting to test digital collectibles on Instagram so that creators and collectors can display their NFTs,” Zuckerberg said.
He also announced that the company’s Spark AR, the company’s AR software platform, is currently working on 3D NFTs. These NFTs can be featured on digital platforms such as an Instagram story, as well as superimposed on a physical setting too—how cool!
Instagram Head Adam Mosseri also disclosed that the NFT integration feature is being tested out on a handful of US creators and collectors, allowing them to showcase the collectibles on their feeds, stories, and messages.
The feature includes
- Connecting a digital wallet
- Sharing digital collectibles
- Automatic tagging of the creator and collector
At the time of the launch, the supported blockchains for displaying NFTs on Instagram were Polygon and Ethereum, while support from Solana and Flow would also be coming soon. Moreover, compatible third-party wallets at the time of the launch will include Rainbow, MetaMask, and Trust Wallet, while Coinbase, Dapper, and Fantom will be available soon.