Meta and Instagram To Allow Users To Create, Display And Sell NFTs

Meta, the parent company of both Facebook and Instagram, is drawing up plans to integrate Non-Fungible Tokens (NFTs) on the social media giants’ platforms. According to a Financial Times report, several people familiar with the plans have disclosed that the integration will allow for displaying one’s NFT as a profile picture, and will also introduce a native NFT market place on the two platforms for buying and selling NFTs.

While Meta has not commented, the report notes the effort is still at an early stage. The move is also coming after Meta’s CEO, Mark Zuckerberg, disclosed last year that NFTs would eventually be part of the newly incorporated company’s push for building the metaverse.