- Instagram added a new feature that would allow NFT sharing on its platform.
- The new feature will allow creators and collectors to connect a digital wallet, share digital collectibles, and automatically tag themselves.
- There will be no fees for posting or sharing NFTs on Instagram.
The photo and video sharing app Instagram revealed in a tweet that its social media app is going to integrate non-fungible tokens (NFTs) into its platform. The brand new feature would enable NFT creators and collectors in showcasing their NFTs on Instagram.
According to a blog post, they already began testing it with a couple creators and collectors in the US. This new feature includes allowing creators and collectors to connect and choose which NFTs from their wallet they would like to share on Instagram.
Once they post their collectibles, it will have a shimmer effect and users can display public information of their NFT. In addition, the team has updated its security features for account and wallet protection of users connected. Posting and sharing NFTs on its app doesn’t involve any fees.
“At Meta, we’re looking at what creators are already doing across our technologies in order to improve the experience, help them create more monetization opportunities, and bring NFTs to a broader audience,” Instagram’s parent company Meta Inc. disclosed in the blog post.
The company’s goal is “to improve accessibility, lower barriers to entry, and help make the NFT space more inclusive to all communities.” Adding that Meta will “will help reduce the emissions impact that might be associated with the display of digital collectibles on Instagram by purchasing renewable energy.”
Supported blockchains upon launch include Ethereum and Polygon, with Flow and Solana soon to join. The compatible third-party wallets include MetaMask, Trust Wallet, and Rainbow. Coinbase Wallet, Dapper, and Phantom wallets will become integrated soon as well.
The company will also explore additional features and continue to listen to feedback as the initial test goes along. Furthermore, Meta also revealed that Facebook will integrate NFTs soon.
Recommended News :
Crypto News Land (cryptonewsland.com), also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.