Meta plans to bring the non-fungible NFT tokens to Instagram within the next few months.
This comes according to Mark Zuckerberg, who initially announced the news during a conversation with businessman Diamond John at the SXSW Film Festival.
Mark Zuckerberg said the company is moving to add non-fungible NFT tokens. Although he did not describe what that might look like. But it was suggested that people should be able to view existing and potentially new NFTs.
“I am not ready to announce what it might be like today,” he added. But that includes over the next several months being able to bring in some of your own NFT, and hopefully over time you’ll be able to mint things in that environment.
Zuckerberg and other executives have previously expressed interest in NFT. Adam Mosseri said the company is actively exploring the technology. But it didn’t have any actual ads.
The Financial Times reported in January that teams at Facebook and Instagram were working on NFT integration. The report stated that there has been progress in the features that allow you to use the NFT as a cross-platform NFT instrument and account and discussions about creating a marketplace. The company had hoped to add NFT to the Novi crypto wallet.
Mark Zuckerberg confirms NFT is coming to Instagram
Zuckerberg also said that NFT could one day play a role in the company’s metaverses. He added: The clothes your metaverse avatar wears can basically be stamped as an NFT and you can take them between your different places. There’s like a bunch of technical things you need to work on before that can easily happen.
Zuckerberg, who was notorious for wearing the same gray shirt every day, cited his shopping habits as a rationale for further turning Instagram into a shopping platform.
He said he now does most of his shopping on Facebook and Instagram. “Most of the things I wear I buy through Instagram, Facebook Stores or ads,” he added.
Zuckerberg was participating in a discussion about metaverses and the changing landscape of digital culture when he confirmed the information.
