Instagram To Support NFTs For Crypto Art
Instagram, the social media platform owned by Meta, plans to support non-fungible tokens (NFTs) for crypto art from several blockchain networks, with the pilot project happening as soon as Monday.
Kabir V.
5:15 9th May, 2022
NFTs
Instagram will allow users to post and share NFTs from Ethereum, Polygon, Solana and Flow blockchains, the networks that host the vast majority of trading in digital collectibles.
Ethereum and its Bored Apes lead in NFT market capitalization.
Instagram will not charge its users for posting and sharing NFTs, as Twitter initially did for its hexagonal NFT profile pictures in January.
Meta CEO Mark Zuckerberg had confirmed that NFTs were coming to Instagram while speaking at the SXSW festival in Texas in March.
Instagram, which has more than 1 billion monthly active users, intends to support widely used crypto wallets, such as MetaMask.
