According to Adam Mosseri, in the near future, Instagram will start making special notes on publications in which users are offered to buy collectible non-fungible tokens
Instagram CEO Adam Mosseri told Business Line that the company is exploring the possibility of using non-fungible token technology (NFT) on the social network.
According to Mosseri, in the near future, the social network will start making notes on publications that offer users to purchase collectible NFT tokens.
“There is nothing to announce yet, but we are actively exploring NFTs and ways to make them more accessible to a wider audience,” said the head of Instagram.
Mosseri described the non-fungible token industry as an interesting area in which Instagram can help content creators.
In late September, Twitter Senior Software Engineer Mada Aflak announced social media support for NFT. According to Aflak, Twitter will allow users to connect a cryptocurrency wallet to their account and import non-fungible tokens to use as a profile picture.
Last week it became known that the auction house Sotheby’s, which was founded in 1744, in 2021 raised from the sale of non–fungible tokens (NFT) $ 100 million. such trades are not yet 40 years old.
