Meta chief Mark Zuckerberg has confirmed that NFTs are coming to Instagram, and has promised to share more details about those plans in the coming months.
NFTs are coming to Instagram, Meta CEO Mark Zuckerberg has confirmed. Talking to Shark Tank’s Daymond John over a virtual call at SXSW 2022, Zuckerberg revealed that the company is currently at work with the goal of “bringing NFTs to Instagram in the near term.” The Meta chief refused to share any further details about his NFT aspirations on Instagram, aside from pointing out that it will all be tied to his metaverse dreams. Zuckerberg noted that users will be able to mint the clothes worn by their virtual avatar in the metaverse as NFTs. He added that there are still a few technical challenges that need to be polished and more details about Instagram’s NFT plans will be shared in the “next several months.” The confirmation comes months after Instagram head Adam Mosseri divulged that the company was actively exploring NFTs. As per a Financial Times report from January this year, Meta is working on features that will let Facebook and Instagram users flaunt their NFT collection on their profile pictures.
