The social network will not charge for posting non-fungible tokens

Instagram to add support for NFTs based on Ethereum and other blockchains

09.05.2022 - 08:10

192

2 min

What’s new? Social network Instagram, owned by Meta (recognized as extremist and banned within the Russian Federation), will add support for NFTs based on Ethereum, Polygon, Solana, and Flow blockchains. Large crypto wallets such as MetaMask will be used to tie non-fungible tokens to the social network, CoinDesk reports. Instagram will not charge for posting NFTs.

CoinDesk’s material

What else is known about the future feature? Several collectors from the US will be participating in the test launch. It is not yet known if the social network will support all four blockchains immediately after launch. Meta CEO Mark Zuckerberg announced the integration of NFTs into Instagram back in March 2022 but never gave an exact timeline for the project.

What happened before? In January 2022, Twitter provided the ability to set an NFT as a profile picture. The feature is available to subscribers of the premium Twitter Blue service. The token integration was implemented based on OpenSea’s NFT marketplace API.

Meta also reported plans to create its own trading platform for non-fungible tokens. According to the company, the new features will allow users to issue and sell NFTs on Facebook and Instagram.

Learn how to create your own NFT and choose a marketplace in GetBlock Magazine’s article.

Author:

Vasiliy Smirnov Vasiliy Smirnov

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