Facebook and Instagram will probably let users create and sell NFTs

The development teams at Facebook and Instagram have developed a pilot platform for users to create their own NFT products and allow users to display the NFT as a profile picture. This allows users to sell their NFT products. However, the above plan is still in the early stages and may change.

If implemented, NFT products - controversial assets in this digital world will have huge support.

Facebook and Instagram will probably let users create and sell NFTs Picture 1

Currently, Meta has not made specific announcements about these plans, but there have been reports that the company is interested in NFT. In December of last year, Instagram director Adam Mosseri revealed that the company was working on NFT products and finding ways to make them more accessible to more users.

Meta in general and Facebook in particular play an extremely large role in the current digital era 4.0, so with this support, NFT can become one of the valuable digital goods in the future. .

The NFT market has exploded since last year and is estimated to be worth up to $40 billion. However, many analysts do not appreciate NFT products because their value is only a speculative bubble created by scams and market manipulation.

Isabella Humphrey

Update 27 January 2022