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Instagram To Soon Support NFTs on Ethereum, Polygon, Solana and Flow

Summary:

  • Meta’s Instagram will quickly support NFTs on Ethereum, Polygon, Solana, and Flow
  • Users of Instagram will not be credited show their NFTs on the platform
  • A pilot program for NFTs on Instagram will be released in the United States perhaps by Monday
  • Instagram will likewise support popular crypto wallets such as Metamask

Instagram, the picture and video-sharing social networks platform by Meta, is stated to quickly begin supporting NFTs produced on the blockchain networks of Ethereum, Polygon, Solana, and Flow. Users of Instagram will not be charged to show their art on the platform. The social networks platform will likewise support popular crypto wallets such as Metamask

According to sources, a pilot program for the NFTs is reported to be revealed as early as Monday and will include a little group of ‘NFT enthusiasts based in the United States.’ Explanation is yet to be offered concerning whether the pilot program will support all the chains discussed above.

Instagram Plans Not to Charge NFT Creators to Showcase Their Creations

News of Instagram permitting NFT developers to display their art on Instagram without charging brings some kind of relief, considered that Meta prepares to charge47.5% on sales of digital properties and experiences inside its virtual truth platform of Horizon Worlds.

Mark Zukerberg Had Hinted NFTs Were Coming to Instagram

The possibility of Instagram supporting NFTs comes less than 2 months after Meta’s CEO, Mark Zukerberg, discussed that the platform would include digital antiques in the future. Mr. Zukerberg meant this possibility throughout a discussion with Shark Tank’s Daymond John, where he mentioned the following:

We are dealing with bringing NFTs to Instagram in the near term. I’m not all set to reveal precisely what that’s going to be today, however, over the next numerous months, the capability to bring a few of your NFTs in, and ideally in time have the ability to mint things within that environment.

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