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Meta will test digital collectibles on Instagram starting this week

05/09/2022

Less than a minute

2022.05.09 19:42

Meta will test digital collectibles on Instagram starting this week

Mark Zuckerberg, CEO of Facebook’s parent company Meta, said that the company is starting to test digital collectibles on photo and video sharing platform Instagram this week, signaling a move toward adding nonfungible tokens, or NFTs.

In an interview with Impact Theory’s Tom Bilyeu published to Facebook (NASDAQ:FB) on Monday, Zuckerberg said the move to test digital collectibles on Instagram was the first step toward allowing creators and collectors to display NFTs on other apps under Meta’s control: WhatsApp, Facebook Messenger and Facebook. According to the CEO, Meta was planning to “bring similar functionality to Facebook soon” and working on “augmented reality NFTs” for Instagram as well.

Source: Mark Zuckerberg’s Instagram

05/09/2022

Less than a minute

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