The social media platform, Instagram plans to add NFTs. The company announced an update to confirm that this new feature will be added soon.
The Meta release of NFTs will make it easier to use digital collectibles on Instagram, making them more accessible to a broader customer base.
How the Meta platform may change how an NFT is recognized
Meta, a company which owns Instagram and Facebook along with many other social media platforms, has announced that it plans to test new virtual reality props through AR, in their Instagram stories.
The CEO of Meta has announced that they will be expanding their tests to creators around the world. After a successful beta in the US, creatives are now able to upload their digital collectibles across social media.
The latest news from Facebook is that NFTs will be available on Instagram or Facebook. Content creators can use a single account to cross-post their NFTs across both platforms.
Past this May, Meta has been catching up with other platforms and is now ahead in NFTs. The first sign of this was how the company tested digital collectibles on Instagram.
(Zuckerberg says…) Bringing digital collectibles within the Meta family, by allowing them to be shown on other apps like Facebook, Messenger and WhatsApp is the first step.
Meta provides an online store for your virtual avatar
The CEO of Meta made an announcement on a live Instagram video feed on Saturday. The announcement was that they’re launching a virtual store where you can buy clothing for your digital avatar with real money. This announcement was joined by Vice President of Fashion Partnerships at Instagram, Eva Chen.
Facebook has introduced a new feature where you can buy digital clothes for your avatar. This feature can be accessed through Facebook, Messenger and Instagram.
Facebook is working on developing 3D avatars, which will eventually replace its current interface. The goal of the company is to move away from social media and into the virtual metaverse by creating new infrastructure over time.
Meta believes in the potential of digital goods and has partnered with Balenciaga, Prada, and Thom Browne to ensure that their avatar’s post-human future is as thriving as possible.