1. NFT

Will Instagram be a platform for NFTs?

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Originally updated on 10 May 2022; NFT is available now through Instagram. Wow! It was not new to us that NFTs are getting more popular day by day. The involvement of NFT in major cryptocurrency platforms was understandable. However, its use cases expanding to social platforms like Twitter and Instagram were jaw-dropping. NFTs are a good source for creators to interact directly with their followers. 


Creators can now avoid expensive intermediaries and instantly connect with the fans and project their artworks. On top of that, major cryptocurrency platforms, like Binance, have taken a step into NFT trading.


Updates on Instagram NFTs


Meta reported that Instagram collaborated with US creators to showcase their NFT collection on the digital NFT marketplace. In the future, the followers of the particular creator can also buy NFTs via Instagram. On November 2, Meta reported that creators would soon be able to create their NFTs on the platform and sell them to their fans. They’ll have an end-to-end toolkit on the Polygon blockchain. The creators can connect their wallets to the platform and add their artwork to the wallet to make it available for trading.


The wallets available right now are Metamask, Dapper, Coinbase Wallet, Rainbow, and Trust Wallet. It is also mentioned that the platform will also include Solana and Phantom Blockchains. 


Final thoughts


NFTs are breaking ground with their expansion in various industries. Be it art, music, video, gaming, or even real estate, NFT marketplaces are looked upon and used by many. This frenzy keeps growing even though the market is currently down. So if you ask me, why NFTs? I will probably say, why not?



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