Mark Zuckerberg has announced that a variety of Instagram NFT-focused updates are coming to the social media platform in the near future. While Zuckerberg did not give explicit details surrounding the update, he stated that users will be able to “show off their existing NFTs,” they will be able to “mint things within that environment,” and ideally, these NFTs will play a role in Meta’s Metaverse plans.
Meta hopes to allow users to have NFTs that are tied to Metaverse-related rewards. Additionally, the company aims to make these NFTs transferrable in the sense that they will give rewards across multiple platforms, such as clothing for a digital avatar or items for an in-game character. Zuckerberg stated that the company still has to work out a lot of the intricate details, but NFTs will definitely be a thing in the future of Instagram and Meta’s suite of applications.
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