Love them or hate them, NFTs are coming soon to Instagram. Speaking at SXSW, Mark Zuckerberg confirmed that digital collectibles will hit Instagram “in the near term.”
He said, “We’re working on bringing NFTs to Instagram in the near term. He didn’t detail how exactly that would take shape, but suggested that people should be able to show off their existing and potentially new NFTs.” I’m not ready to announce exactly what the day will be like. But over the next several months, being able to bring in some of your own NFTs, hopefully over time will be able to mint things within that environment. “
Zuckerberg and other executives have previously expressed interest in NFTs, with Instagram CEO Adam Mosseri saying the company is “actively exploring” the technology. The financial times mentioned The company was hoping to add NFT to its crypto portfolio nove.
Speaking on Tuesday, Zuckerberg also said that NFTs could one day play a role in the company’s eventual metaverse. “I hope you know, the clothes your avatar is wearing in the metaverse, you know, can basically be coined as an NFT and you can take it between your different places,” he said, “there’s like a bunch of tech things that have to be solved before that would be easy.” It really does happen.”
Zuckerberg, who is famous for wearing the same gray shirt , also shared that he now does most of his shopping on Instagram and Facebook. “Probably most of the things I wear, maybe I bought through Instagram or Facebook stores or ads,” he said.
All products recommended by Engadget are handpicked by our editorial team, independently of the parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
“Infuriatingly humble alcohol fanatic. Unapologetic beer practitioner. Analyst.”