According to Zuckerberg, the Instagram teams are currently working on the integration of Non-Fungible Tokens into the company's photo and video sharing app.
Casey Newton, writer of the Verge's platformer newsletter, tested that Instagram is launching a service that will let its member to mint NFS with the app.
At #SXSW, Mark Zuckerberg just said that “hopefully” in the coming months you’ll be able to mint NFTs within Instagram
— Casey Newton (@CaseyNewton) March 15, 2022
Mark Zuckerberg Said;
We’re working on bringing NFTs to Instagram in the near term. I’m not ready to kind of announce exactly what that’s going to be today. But over the next several months, the ability to bring some of your NFTs in, hopefully over time be able to mint things within that environment.
I would hope that the clothing that your avatar is wearing in the metaverse can be basically minted as an NFT and you can take it between your different places. There’s like a bunch of technical things that need to get worked out before that’ll really be seamless to happen,” he added.
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According to The Verge, Zuckerberg made the announcement at a South By Southwest session but did not declare an actual date for when NFTs will be available on Instagram. During his lecture, Zuckerberg expressed his hope that users would be able to mint the garments of their digital avatars as NFTs one day but acknowledged that there is more work to be done.
💥 BREAKING: #NFTs are coming to Instagram confirms Mark Zuckerburg!https://t.co/SO0fTjdERT pic.twitter.com/7FPwu80RME
— CryptoCurrency News (@CryptoBoomNews) March 15, 2022
just cause instagram is integrating NFTs, and ig is bigger than twitter, it doesn’t mean NFT culture will move there. when a culture is new, we need a place to talk and build consensus on what things mean, and until we have better options, twitter does it 10x better than ig.
— andrew wang (@andr3w) March 15, 2022
“We’re working on bringing NFTs to Instagram in the near term,” #NFT is coming to @instagram — users would be able to mint their own NFTs on the platform 🗞️https://t.co/6rDfSh6WOV
— OKX (@okx) March 16, 2022
My girlfriend. I don’t have Instagram. #wearezinu @ZinuToken #zmss #zinu #nft #nfts pic.twitter.com/2nGrnPTN7I
— zinu shadow (@Shdow231337) March 15, 2022
Instagram is not the only social media to integrate Non-Fungible Tokens, NFTs, Twitter has already implement the integration of NFTs earlier this year. Youtube also announced that the video-sharing platform is considering Web3 technologies, including NFTs (non-fungible tokens) — a way to certify digital assets stored on the blockchain — as a means of helping YouTube creators make money.