Mark Zuckerberg claims that NFTs will be available on Instagram soon

The Meta CEO's remarks at South by Southwest reinforced previous claims that Instagram was planning such a move.

NFTs, whether you like them or not, are on their way to Instagram. Mark Zuckerberg announced at SXSW that digital artifacts would be available on Instagram "in the near term."

“We're working on bringing NFTs to Instagram in the near term," he said. He didn’t detail exactly how that would take shape, but suggested people would be able to show off their existing NFTs and potentially mint new ones. "I'm not ready to kind of announce exactly what that's going to be today. But over the next several months, the ability to bring some of your NFTs in, hopefully over time be able to mint things within that environment.”

Zuckerberg and other execs have previously expressed an interest in NFTs, with Instagram’s top executive Adam Mosseri saying the company was “actively exploring” the technology. The Financial Times reported in January that the company was hoping to add NFTs into its crypto wallet Novi.

Speaking Tuesday, Zuckerberg also said that NFTs could one day play a role in the company’s eventual metaverse. “I would hope that you know, the clothing that your avatar is wearing in the metaverse, you know, can be basically minted as an NFT and you can take it between your different places,” he said, “There's like a bunch of technical things that need to get worked out before that'll really be seamless to happen.”

Zuckerberg, who famously used to wear the same gray t-shirt every day, also shared that he now does most of his shopping on Instagram and Facebook. “​​Probably most of the stuff that I wear, I probably bought through an Instagram, or Facebook Shops or ads,” he said.

** Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of USA GAG nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

Follow us on Google News

Recent Search