First NFTs appear on Instagram this week,
Starting this week, Instagram is testing a way to share NFTs. According to Instagram director Adam Mosseri and Meta founder Mark Zuckerberg, initially only a small group of American users can use the option.
A number of people on Instagram can share homemade or purchased NFTs starting this week. This can be done in the News Overview or via Stories. An NFT will have a label that indicates that it is a digital collector’s item.
What is an NFT again?
- An NFT (non-fungible token) is a unique digital proof that shows that you own specific data that you can buy and sell, such as a digital artwork or the first Twitter message.
Instagram reports on a small scale to start with NFTs in order to be able to learn from users. Mosseri says in a video on Twitter that support for NFTs on Instagram can ensure that more people get to know the underlying technology.
“We’re starting with NFT on Instagram so people can show off their digital collection,” Zuckerberg says. “That says something about yourself. Which collection do you want to show?”
Zuckerberg says he wants to add the technology to Facebook later and perhaps to other apps of the company. Meta is also working on NFTs in augmented reality.
Zuckerberg calls these ‘3D NFTs’. These are objects that can be placed in a real environment via the camera of a phone, for example.
First NFTs appear on Instagram this week
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