Meta does not miss the opportunity to jump on the bandwagon of non-fungible tokens, better known as NFTs for its acronym in English.
Its CEO, Mark Zuckerberg, confirmed on March 15 during a session at the South By Southwest event held in Austin, Texas, that Instagram is already working on find a way to integrate NFTs on your platform. Although he did not give an exact date for said integration, he assures that it is something that will happen in the “next few months”.
In addition, Zuckerberg said that he hopes that the clothes of the avatars in the metaverse can also be coined as NFTs. The executive raises these possibilities, but maintains that there are still a lot of technical issues that need to be worked on before all that can even happen.
This is not the first time we have heard about this matter. Last year, Instagram head Adam Mosseri said the team was actively exploring this whole NFT thing, but had no real announcements at the moment.
Other companies like YouTube are also flirting with the idea of capitalizing on emerging technologies like NFTs on their platforms. Susan Wojcicki, CEO of YouTube, recently said that the video platform could integrate NFTs in order to give content creators new ways to earn revenue.
Another company involved in the garlic is Twitter. Since last year, the social network has allowed subscribers of its payment service, Twitter Blue, to use their NFTs as a profile image.