Instagram will integrate NFTs from Ethereum, Solana, Flow and Polygon: What future for NFTs and social networks?

  • Instagram will feature a small group of US-based NFT enthusiasts during the initial integration phase.
  • Instagram will not charge users for posting and sharing NFTs.

Instagram of Mark Zuckerberg’s Meta group will soon integrate NFTs (non-fungible tokens) of Ethereum, Polygon then in a second time Solana and Flow.

According to the report, Meta is expected to make an official announcement on this as soon as next week. Besides, Instagram won’t charge users to post and share NFTs.
Instagram will feature a small group of NFT enthusiasts based in the United States during the initial integration phase.

NFTs on Instagram 🎉 This week we’re beginning to test digital collectibles with a handful of US creators and collectors who will be able to share NFTs on Instagram. There will be no fees associated with posting or sharing a digital collectible on IG. See you next week! ✌🏼 https://t.co/VuJbMVSBDr

Instagram is catching up on Twitter

In March, Meta CEO Mark Zuckerberg hinted that Instagram was working on introducing NFTs to its platform. in the following “several months”.
Mark Zuckerberg said users would be able to bring the NFTs existing on Instagram and “hopefully they will be able to hit objects in this environment.
The Financial Times previously reported that Meta would continue its Instagram NFT pilot with coin minting and group membership options on Facebook.
As a reminder, social media giant Twitter Inc. launched in January a feature which allows iOS users of its Twitter Blue subscription service to use their NFTs as profile pictures.

Read also Price prediction of 4 cryptocurrencies – Ethereum, Crypto.com, Algorand and Bitcoin

An adaptation on Facebook to come too?

Mark Zuckerberg, CEO of Meta, said in an announcement that similar features coming soon to Facebook, and possibly other Meta applications in the future. Zuckerberg also said that Meta will be working on augmented reality NFTs, or 3D NFTs, which you can bring to Instagram Stories using Spark AR, which is the company’s AR software platform.

Other social networks in sight?

Instagram’s NFT test comes as Twitter enabled NFT profile pictures for premium users earlier this year. Instagram and Twitter aren’t the only digital giants keen to embrace NFTs, as YouTube CEO Susan Wojcicki hinted that the platform could adopt web3 technologies, including NFTs, to to help YouTube creators make money.

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