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

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

Instagram, the image 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 network 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 connoisseurs based in the United States.’ The explanation is yet to be supplied 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 enabling NFT developers to display their art on Instagram without charging brings some kind of relief, considering that Meta prepares to charge 47.5% on sales of digital properties and experiences inside its virtual truth platform of Horizon Worlds.

Mark Zukerberg Had Hinted NFTs Were Coming to Instagram

Mark Zuckerberg says NFTs are coming to Instagram soon | TechCrunch

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 specified the following:

We are dealing with bringing NFTs to Instagram in the near term. I’m not prepared 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, gradually have the ability to mint things within that environment.

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