Meta CEO Mark Zuckerberg has just announced that non-fungible tokens or popularly known as NFT will soon be available on Instagram.
As per a report from Business Insider, a Senior official at Meta was addressing one of the sessions at the South by Southwest event earlier this week where he stated that “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.”
Meta’s CEO further added that “a bunch of technical things that need to get worked out before that’ll really be seamless to happen. We’re working on bringing NFTs to Instagram in the near term.”
Similarly, Instagram Head, Adam Mosseri, also said that recently the company is “Actively exploring NFTs” but did not divulge any other details regarding this matter. In addition to this, Zuckerberg said that it is emphasizing Indian creators and the developer community as well.
This news comes at a time when Meta is shifting its focus on augmented reality-driven Metaverse experiences for billions across the world.
Zuckerberg also spoke at the company’s ‘Fuel for India’ event, where he said that India will play a pivotal role in the development of the Metaverse and its future. The Metaverse is being termed as the successor to the internet, with Twitter also introducing a brand new feature that allows users to set an NFT as their own profile picture.
Are you buying in on the Metaverse and NFT hype or do you think it may be a tad bit overhyped? Let us know!
Also read:
