Mark Zuckerberg wants to integrate NFTs with Instagram

Mark Zuckerberg wants to integrate NFTs with Instagram. The CEO of Meta announced this in a live broadcast at the tech show Southwest (SXSW) in . Although Zuckerberg did not disclose any specific details, he said that the first NFT jobs should be launched in the coming months.

Earlier this year, reports surfaced that Meta was planning to integrate NFTs with Instagram and Facebook. At the time, it was said that the plans were still at an early stage and could certainly be changed. Twitter appears to be a step forward.

The microblogging service allows subscribers of the premium offering Twitter Blue in Canada, Australia, New Zealand and the USA to upload NFTs as profile pictures. to background:

The acronym NFT stands for Non-Fungible Token. This can be images, videos, audio files, text, or other digital goods. The technical reference within the blockchain gives NFTs some uniqueness. The origin and owner can be traced in this way.

Mark Zuckerberg confirms NFTs for Instagram

Mark Zuckerberg now has Instagram’s NFT plans at least at the tech show Southwest (SXSW) confirmed. Like a tech blog Engadget mentionedZuckerberg said in a live broadcast there:

We are working on bringing NFTs to Instagram in the near future. I’m not ready to announce today what exactly that will be, but over the next few months we’ll have the opportunity to bring in some NFTs and hopefully over time we can shape things in that environment.

According to Zuckerberg, Instagram users should initially be able to submit their NFTs on the platform. In another step, it should be possible to create NFTs directly on Instagram. However, the CEO of Meta did not provide any specific details.

Another step towards the Metaverse?

Mark Zuckerberg’s announcement came as no surprise. Also Instagram head Adam Mosseri confirmed Such a project at the end of December 2021. The goal then is to make NFTs relevant to fans on Instagram.

This, in turn, could be part of the company’s overall Metaverse plans. In the parallel virtual world of Meta, users should be able to move and interact with each other with the help of digital avatars. Part of the metaverse must also be digital goods.

This also aligns with Mark Zuckerberg’s recent comments: “I hope the clothes your avatar wears in the Metaverse will be basically printed as NFT and you can take them between your different locations.”

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