Meta To Test Ways To Buy and Sell NFTs on Instagram

San Francisco, Nov 3: Meta has announced to test ways to buy and sell non-fungible tokens (NFTs) to fans and collectors both on and off Instagram.

With the intention of shortly expanding to more nations, Meta is testing the new feature with "a small group of creators in the US". TikTok Tells European Users Its Employees in China Can Access Their Data: Report.

Users can buy digital collectibles of their favourite creators directly from Instagram to support them, the company said in a blogpost.

Additionally, Meta has expanded the list of digital collectibles that users can showcase on Instagram to include video and added support for the Solana blockchain and Phantom wallet.

"We're making it easier for people to show appreciation for their favourite creators across our apps, which helps creators strengthen their community and build their business," it said.

The tech giant has also expanded access to subscriptions on Instagram to all eligible creators in the US, so that more creators can generate consistent income and build closer relationships with their most devoted followers.

Additionally, Meta had introduced gifts on Instagram, starting with Reels, so that the creators can earn money from their followers. Elon Musk To Eliminate Half of Twitter’s Workforce, Intends To Remove ‘Work From Home’ Policy, Says Report.

Followers can purchase 'Stars' directly from Instagram to send gifts and support their favourite creators on Reels, the company said.

Earlier, Meta had rolled out new features on Instagram to protect users from abuse, along with updates to Hidden Words.