Although the NFT craze that started last year in the crypto world seems to have paused, it actually continues to spread all over the world and now its next new stop Instagram will be.
NFTs contain a revolutionary technology that directly or indirectly affects both the crypto world and many other things in the world. Everyone from famous people to companies of huge value tried to join the NFT frenzy. Another celebrity jumping on the train and billion-dollar company owner Mark Zuckerberg and approved the integration of NFTs into platforms in a short time.
This news from the Instagram front is actually not surprising, as many social platforms, especially Reddit, are trying to jump on the NFT train. Speaking at SXSW, Zuckerberg stated that his team is working on incorporating NFTs into Instagram.
Thanks to this integration, users NFTIn addition to creating ‘s, they will also be able to showcase their existing NFTs.
“I am not ready to explain exactly what kinds of things we are going to integrate and what we can do today. But we plan to have the ability to showcase some of your NFTs in the next few months, and then the ability to create Instagram NFTs.”
The CEO even hinted that NFTs will be critical to the launch of the metaverse world as well. Zuckerberg also stated that Instagram spent a lot of time on technical details in order to seamlessly deliver the final integration, and said:
“I hope you know that in the metaverse, even the clothes your character/avatar wears can basically be printed and transferred as an NFT.”
Could Instagram NFTs Change the Rule of Its Game?
Instagram, one of the largest social media platforms in the world, is the fourth largest social media platform with a huge user base of 1.386 billion so far.
The massive audience the platform has could help change the rules around interest in NFTs. This integration is also one of the most important proofs of how NFTs have become mainstream.
Following this announcement, communities began to speculate on how the social media giant would integrate NFTs. According to a user in the community, this integration can make Instagram more toxic than it is.
GROUNDBREAKING! #Instagram posts as #NFTs‘s coming to us very soon? I’m not sure how this makes me feel. Will Instagram become even more toxic? Will every post will automatically be an NFT? What does that mean to the blockchain? POS or POW? Too many questions… https://t.co/gHV9oHkmre
— RAKYM (@7rakym7) March 15, 2022
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.