Non-fungible tokens will appear on the app as filters for pictures and videos

Media: social media Snap integrates NFTs on its platform

13.07.2022 - 12:00

356

1 min

What’s new? Social media Snap plans to integrate NFTs on its app. Financial Times reports, citing its own sources, that non-fungible tokens will be used as filters for pictures and videos. According to insiders, testing of the new feature is due to start at the end of August.

FT’s material

What else is known about the new feature? Snap has no plans to charge for showcasing NFTs, but the platform is exploring ways to collaborate with third parties to help creators monetize their works.

Earlier, streaming music service Spotify began limited testing of NFTs. Users can view tokens posted on some musicians’ pages and go to the marketplace to purchase them.

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy