As a result of the digital world, which is the inevitable transformation of our age, concepts such as crypto money, blockchain and tokens have entered our lives. The concept of NFT, which combines the concept of art and token and has increased its popularity recently, continues to spread all over the world. Meta company, which definitely has a plan when it comes to digital concepts, does not lag behind in this regard either.

Although NFT is still a controversial concept, many important names and big companies continue to trade in this way. While questioning whether this market is permanent or not, a big step came from Meta, formerly Facebook, which is one of the biggest companies in the social media world.

Meta, formerly Facebook, is working on a feature that will allow users to showcase their NFT collections on Instagram, the Financial Times reported.

NFT Meta

Meta is reportedly preparing a feature that will allow users to mint and sell their NFTs. Meta and Instagram users will also be able to display their NFT collections on their social media profiles. According to the information in the news of the Financial Times; Unnamed sources reported that work continues on an NFT market similar to OpenSea.

Meta bought Instagram for $1 billion in April 2012. In December, Instagram's CEO, Adam Mosseri, said the firm was "Exploring ways to make NFTs more accessible to a wider audience."

NFT instagram

It has not yet been announced on which blockchain network Instagram's NFTs will be built. The first network that comes to mind is Ethereum. It is predicted that Instagram's decision to mint NFTs on Ethereum could cause a serious increase in price and popularity.

The NFT world has recently been traded on many websites. However, Meta is not the only social media platform considering entering this market. Twitter has also started working on a tab that displays the NFT collection of its users. It seems that this concept will now be a part of life.