Instagram Will Implement NFTs – Mark Zuckerberg

Meta CEO Mark Zuckerberg revealed that Instagram will soon be adding a video and photo-sharing app to the NFT platform.

“We are working on bringing NFT to Instagram soon,” Zuckerberg said at the South by Southwest conference in Austin, Texas.

The Facebook founder did not provide details on when the rollout would occur, but he hopes the new feature will become available in the coming months.

Platformer newsletter writer Casey Newton tweeted at the conference that Zuckerberg also hopes that in the coming months, Instagram users will be able to not only showcase purchased non-fungible tokens but also create their own NFTs on the platform.

As you know, in October 2021, Meta changed its name from Facebook to focus on its Metaverse-related projects. However, the Metaverse part of the Metaverse is still not up and running.

In addition, Meta intended to launch its US dollar-pegged digital stablecoin, “Libra,” later renamed “Diem,” in 2019. Later, the project had to be shut down due to a lack of regulatory approval and community resistance. And then “Diem” was bought by Silvergate Capital.

Meta recently changed its policy to allow hate speech about Russians in the context of the Russian invasion of Ukraine.

The BTC-Alpha team together with trusted volunteer communities created a charity fund ‘Alpha for Ukraine’. You can make a donation to help everyone in Ukraine who needs medicines, humanitarian aid and to support the defence of the country.

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