Instagram Starts Testing NFT Support with Select Creators
May. 10, 2022Instagram has jumped onto the trendingNFTbandwagon and has announced that it is testing digital collectibles for content creators to showcase their non-fungible tokens (aka NFTs) on the platform as another way of “prioritizing” creators. Here are the details you should know.
Instagram Gets NFT Support for Creators
Mosseri suggests that the aim to introduce the ability to share NFTs as a test is for them to better understand the NFT community and eventually add more from the learnings.
NFTs on Instagram willcome with a “digital collectibles” tagand users can get information on the tag’s creator and NFT owners by tapping on it. It is said that it will initially support Ethereum and Polygon cryptocurrencies and the wallet support will include Rainbow, MetaMask, and Trust.
For those who aren’t acquainted with the term, NFTs are the non-fungible tokens that hold an owner’s unique and authentic information backed by blockchain technology. If you intend to get in-depth details on the concept, we have anexplainer articlefor you.
Meta has alsorevealedthat NFTs will soon reach Facebook and more of its apps. People, in the coming future, will also be able to share the digital collectibles as AR stickers on Instagram Stories too. The company believes that the concept, which is safely a part ofWeb3, has the “potential to empower creators around the world.“
To recall, Twitter is another social media platform thatintroducedsupport for the display of NFTs as the profile picture. So, what are your thoughts on this? Let us know in the comments below.
Started off as a stranger but tech is more like a good friend, thanks to over 5 years in the industry. While everything is attractive about tech, phones, social media, and quirky gadgets attract me the most. When not working, I find my solace in shopping and everything that concerns doggos!
