debetrayed 44 Posted March 17, 2022 “We’re working on bringing NFTs to Instagram in the near term," Meta (FB) CEO Mark Zuckerberg said at a panel at Austin’s South by Southwest Festival on Tuesday, according to a tweet from Engadget Senior Editor Karissa Bell. Zuckerberg added, however, that “I’m not ready to kind of announce exactly what that’s going to be today.” (Source: CoinDesk.com) Writer of The Verge’s Platformer newsletter, Casey Newton also tweeted that Zuckerberg "hopefully" in the coming months, Instagram users will have a new platform for minting NFTs. Even though Meta did not immediately respond to a request for more information, we can see a sign of their supporting NFTs for NFTs to step into the metaverse. Quote Share this post Link to post Share on other sites
dehousing 65 Posted March 17, 2022 Because NFTs have become so popular, I'm starting to see and hear about them in unexpected places. People who use social media sites like Instagram are now talking about a block chain, which I find fascinating. Never in a million years did I imagine something like this could happen. NFTs will be available on Instagram and other social media platforms as well. Quote Share this post Link to post Share on other sites
bevyde 31 Posted March 17, 2022 Since Instagram and Facebook are controlled by the same corporation, NFT might be made available on Instagram. Meta recently made a large investment in NFT and the metaverse development, which will help produce more traffic and money to the content publishing social media. NFT is currently the most popular and thriving project, and any company that wants to stay relevant in the industry should link to the network since the NTF metaverse is being used to bring home high-quality digital content. Quote Share this post Link to post Share on other sites
squishde 12 Posted March 17, 2022 Meta's acceptance of NFTs is to be expected. NFT should poke Meta about their next move, as the Metaverse motivations and Twitter have already been installed. And now we're seeing that it'll be out soon. It will be fascinating to observe how their NFT mints platform works, whether they created it themselves or outsourced it to another NFT marketplace. Quote Share this post Link to post Share on other sites
deevaluate 29 Posted March 17, 2022 Anything said by Mark Zuckerberg has already happened, and I'm sure it will happen again soon. As the owner, and Instagram will be implementing the NFT feature in the near future. I am confident that this will happen very soon. It will be interesting to see how this works out. This is a perfectly reasonable thing to happen on Instagram. 'With the NFT feature, anyone will be able to rapidly convert their images to the NFT,' I mean minted their photos to be turned into the NFT. We know that Instagram was a fairly popular social media platform at the time. I have no doubt that this is again another piece of BS from Mark. With NFT, he was also feeling intrigued. Quote Share this post Link to post Share on other sites
zcxpleasant 23 Posted March 17, 2022 I think I've read it from Mark himself that he should have not announced it but gave some hint that they're really working on it. Well, a nice developing feature that would make everyone use Instagram. I don't use Instagram and maybe that will make me use it in the future after observing those who are making a good run with making their NFTs through the platform. Who knows? but this is an interesting feature to wait for. Quote Share this post Link to post Share on other sites
CreeperI 53 Posted March 17, 2022 For the time being, we can only conjecture if they would execute it for themselves. I doubt it would be tagged up into another nft marketplace, but let's see if they are truly creating anything unique. As you indicated, they have a strong tendency to absorb everything, therefore it's not surprise that when it comes to new trends and applications, these organizations are at the forefront. Wouldn't want to be left behind, especially when their recognition and popularity are growing by the day. Quote Share this post Link to post Share on other sites
WitherS 54 Posted March 17, 2022 It's all excellent news.... Mark must have realized that NFT still has a big market to conquer, and that NFT has the potential to make Instagram more appealing, as well as bring crypto adoption closer. If Mark wants to get started, he should sell NFT, which will be widely distributed on Instagram soon at a low price. Quote Share this post Link to post Share on other sites
BiomeBlackCanary 23 Posted March 17, 2022 The number of Instagram users is estimated to be about 1 billion, which is rather significant. It will be a hit with the discovery of NFTs via Instagram. Zuck has a new source of income. If they execute it well, this will be another Instagram sensation in the near future. So, if Zuck fails to launch Libra, we'll see how far he can push NFTs using the Instagram platform. Quote Share this post Link to post Share on other sites
Raziki 52 Posted March 17, 2022 That's fantastic news. We all know how popular Instagram is, and I'm confident that once the NFT function is accessible, many influencers will try to use it, hugely promoting NFT to the general public. I'm hoping that this will lead to more people becoming interested in crypto as a result of the popularity of NFTs. I'm merely curious about meta's advancement. This social media has a user base that rivals that of Twitter. Quote Share this post Link to post Share on other sites
zardinark 56 Posted March 17, 2022 That's great news, because these Zuckerberg-owned social media sites get a lot of traffic, making it simple to disseminate the NFTs projects, which are all about people. This was the second attempt at Meta to promote metaverse development related. The first attempt was in 2019, but it was not very effective. We expect that these two large organizations respond positively to this statement, as they share the same owner who hopes that these NFTs will continue to spread on their platform. Quote Share this post Link to post Share on other sites
