The social media platform, Instagram, is planning non-fungible token integrations for Ethereum, Polygon, Solana and Flow.
A pilot was also announced on Monday, featuring a small group of NFT aficionados in the US to increase cultural visibility for NFTs to its over one billion monthly active users.
The pilot comes almost two months after Mark Zuckerberg first announced that Instagram would add NFTs. At the South by Southwest conference in Austin, Texas, Zuckerberg told Daymon John of Shark Tank that Meta is “working on bringing NFTs to Instagram in the near term.”
Unlike Twitter’s hexagonal NFT profile pictures in January, Instagram will not charge users any fees for posting and sharing NFTs. Instagram also plans to support crypto wallets such as MetaMask so users are able to prove NFT ownership, showcase them on their profiles and tag the creators who made them.
It is unclear whether Instagram will support NFTs from all four blockchains at launch time, but it will start testing out NFTs with a small group of creators this week.
Meta, the parent company of Instagram, has also revealed other plans which are focused on taking advantage of blockchain technology by enabling minting and group memberships later this year. The company will also be rolling out augmented reality NFTs, or “3D NFTs”, which would appear as stickers in Instagram Stories. There also claims that Meta intends to create a virtual currency called Zuck Bucks.
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.
