Mark Zuckerberg Planning to Launch NFTs on Instagram
As NFTs are all the rage these days, Facebook chief executive officer (CEO) Mark Zuckerberg is planning to let Instagram users mint non-fungible tokens (NFTs) on the social media platform.
Washington, March 16: As NFTs are all the rage these days, Facebook chief executive officer (CEO) Mark Zuckerberg is planning to let Instagram users mint non-fungible tokens (NFTs) on the social media platform.
As per The Verge, Mark made the announcement at the session at South By Southwest, but did not provide a specific date for when NFTs might drop on Instagram.
Also Read | Samsung Galaxy F23 5G Smartphone To Go on Sale Tomorrow at 12 PM Via Flipkart.
For the unversed, Non-fungible tokens (NFTs) are a digital certificate of ownership of a piece of digital asset that can be bought and sold.
During his speech, Mark stated that he hopes one day that users will be able to mint the clothes of their digital avatars as NFTs, but admitted there is still work to do before that can happen.
Also Read | iQoo Z6 5G Smartphone To Be Launched in India Tomorrow; Expected Prices, Features & Specifications.
Instagram won't be the first major social network with an NFT integration. Earlier this year, Twitter introduced a feature that let some users set an NFT they own as their profile picture.
(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)