Meta Explained: Will Allow NFTs to be Created and Traded on Instagram

Meta is preparing to introduce its new feature on Instagram that will allow creators to create, showcase and sell their own NFTs.

your Instagram parent company Meta 2 November announced on its official website that it will initially provide an NFT platform using only Polygon (MATIC) infrastructure.

As part of the NFT platform, Meta is a platform for content creators. digital collectibles to do and they both on and off Instagram reported that they are working on a new feature that will allow them to sell.

in the statement Solana (SOL) blockchain and your phantom wallet Stating that it is now also supported, Meta said that to store NFTs produced by its manufacturers on Instagram. Arweave (AR) will use it is said. The statement also added that the NFT display feature on Instagram is now available. including video types place was given.

Additionally, meta from OpenSea information such as the names and descriptions of some collections taken on Instagram. can be viewed stated. The company announced that the new feature USA based contents from the creators small announced that it has been tested by a group and that returns and expansion to other countries will be monitored, but there is no room for developments. Date didn’t give.

Stephane Kasriel, Head of Meta Trade and Financial TechnologyMeta’s 2024 to create or sell NFTs until fee request will not, all gas charges at launch will be covered by meta told. However, the Chairman did not clear dates did not.

Kasriel, Apple’s In NFT application to 30% By drawing attention to the commissions up to these commissions on Instagram, subject to store commissions He emphasized that he would.

source site-10