Instagram is about to launch support for NFTs after announcing a pilot scheme. This is a massive step forward for the NFT space and will open up the economy in ways not imaginable.
Today, Mark Zuckerberg, CEO of Meta, confirmed the NFT support in a video, following the rumours in recent days.
NFT integration on Instagram will allow billions of users to join the space
Instagram NFT compatibility will allow Ethereum, Polygon, Solana and Flow NFTs to use the new feature. The platform has over 1.1 billion active monthly users, and until now, there has been little way for NFTs to penetrate the platform.
At first, Twitter charged people to display their NFTs in a hexagonal profile picture. However, there is no longer a charge after negative feedback, and anyone is free to use the service.
In the video, speaking to Tom Bilyeu about NFTs and the wider Metaverse, Mark Zuckerberg said, “We’re starting building for…