NFT on Instagram

NFTs or Non-Fungible Tokens are coming to Instagram, Mark Zuckerberg had spoken about Instagram testing the NFT integrations in a video, and Adam Mosseri, head of Instagram has posted a tweet announcing the NFT integration on the platform to begin this week.

The Instagram — NFT integration test is currently limited to a few US creators and collectors only, who will be able to share NFTs on the platform. “We wanted to start small and learn from the community,” said Mosseri in a video shared on Twitter.

“Creator economy is very important to Instagram, but one of the challenging things we as an industry need to solve is how to make creators make a living while doing what they love,” Mosseri added. “Right now there are a lot of ways for the creators to make money but a lot of them are unpredictable and changing rapidly and we think the one really interesting opportunity for a subset of creators is NFTs.

NFT collectors and creators will be able to share NFTs on their Instagram feed, stories, and also in messaging, and “There will be no fees associated with posting or sharing a digital collectible on IG,” says Mosseri.

According to Coindesk Instagram will start with the support for Ethereum-based NFTs with integrations for Polygon, Solana, and Flow, coming later.

--

--

--

Tech enthusiastic, life explorer, single, motivator, blogger, writer, software engineer

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Terra developers halt new transactions on stablecoin blockchain

Top 10 Music3 Projects by Monthly Trading Volume

Project Seed Weekly Report: 7

What could be better than climate friendly NFTs?

ACH Crypto Price Prediction: Is Alchemy Pay A Good Investment?

Bitcoin Cash Price Prediction 2020

Why your friends don’t like Bitcoin

NFT — CAN CHILDREN’S DRAWINGS CREATE VALUE

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
TechGuy

TechGuy

Tech enthusiastic, life explorer, single, motivator, blogger, writer, software engineer

More from Medium

Top 5 Rivals of Opeensea

SPINBLADE LEVERAGES THE POWER OF INTERACTIVE NFTS

Comparing the Earnings of the Top 5 Play-to-Earn Games

Interested in NFT Project? Here are 4 steps to plan your own NFT roadmap!