Fun

Instagram Is Working on Bringing NFTs to the Platform in the ‘Near Term,’ Says Meta CEO Mark Zuckerberg

News Feed - 2022-03-17 04:03:45

Instagram Is Working on Bringing NFTs to the Platform in the "Near Term," Says Meta CEO Mark Zuckerberg


In December 2021, the CEO of Instagram, Adam Mosseri, discussed how the firm was looking into non-fungible token (NFT) technology during an ask-me-anything (AMA) session. Three months later, at the South by Southwest (SXSW) event in Texas, Meta’s CEO Mark Zuckerberg explained Instagram plans to introduce NFTs in the “near term.” Meta CEO Hints NFT Features Are Coming to Instagram


It seems NFTs are coming to Instagram soon, according to statements from Meta’s CEO Mark Zuckerberg at SXSW this week. Zuckerberg spoke with Shark Tank’s Daymond John at the event, and he explained that Instagram users will be able to mint NFTs as well.


News concerning Instagram’s venture into the NFT world originally stemmed from the company’s CEO ,Adam Mosseri, during an AMA. Furthermore, the news publication the Financial Times (FT) spoke with unnamed sources familiar with the matter at the end of January 2022.


FT’s report quotes the unnamed sources who said both Meta and Instagram are conversing about “launching a marketplace for users to buy and sell NFTs.” Zuckerberg’s details to the Shark Tank co-star indicate the launch might be sooner than most think. While the Meta CEO did not share many details, he said: “We are working on bringing NFTs to Instagram in the near term.” Zuckerberg added: I’m not ready to announce exactly what that’s going to be today, but, over the next several months, the ability to bring some of your NFTs in, and hopefully over time be able to mint things within that environment.


Meta Sells Diem IP, Firm Intends to Grow With the Metaverse


Zuckerberg has shown interest in blockchain technology and cryptocurrencies in the past and allegedly his pet goat is named “Bitcoin.” Just recently, Meta’s cryptocurrency project Diem was discarded by the firm in order to be sold, and then the Diem intellectual property (IP) was eventually purchased by Silvergate this year.


Facebook also rebranded the social media application’s parent company name to Meta. With help from its subsidiary Oculus and other means, the company intends to bolster the network of 3D virtual worlds called the metaverse. Tags in this story Adam Mosseri, Daymond John, Instagram, Instagram NFTs, Mark Zuckerberg, Mark Zuckerberg SXSW, Meta, Metaverse, nft, NFT technology, NFTs, Non-fungible Token, Oculus, Shark Tank co-star, South by Southwest, SXSW, SXSW Texas, Zuckerberg Instagram


What do you think about Instagram adding NFT technology in the near term? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Binance Explores Acquisition of Brazilian Securities Brokerage Firm NEWS | 19 hours ago Draftkings Reveals 2022 College Hoops NFT Collection for March Madness NEWS | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBiggest Movers: SAND Surges on HSBC Partnership — MKR, WAVES Both Nearly 10% Higher Next articleFed Hikes Benchmark Bank Rate for the First Time Since 2018, FOMC Expects 6 More Increases Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItStarlink Terminals Arrive in Ukraine as Elon Musk Makes Good on Promise


Spacex has managed to deliver Starlink equipment to Ukraine as promised by its founder, Elon Musk. The hardware will provide access to high-speed internet for users in the country, which has been experiencing disruptions in communications as a result of ... read more.Leaked Images Suggest Opensea Plans to Add Solana-Based NFT Support Square Enix to Bring Dungeon Siege IP to The Sandbox US Senator Urges Regulators to Increase Scrutiny on Crypto as It Risks Undermining Sanctions Against Russia UK Regulator Bans Floki Inu Ad for Being Irresponsible, Exploiting Investor FOMO

News Feed

Helen Partz14 hours agoFTX founder’s parents sued, accused of stealing millions from crypto exchangeAccording to the allegations, Sam Bankman-Fried’s father, Joseph Bankman, was a “de facto officer” at FTX Group.
Crypto Exchange Owner Sentenced to 10 Years in Prison for Multimillion-Dollar Scheme to Defraud Americans
Crypto Exchange Owner Sentenced to 10 Years in Prison for Multimillion-Dollar Scheme to Defraud Americans The U.S. has sentenced a cryptocurrency exchange owner
US Inflation Rate Jumps Highest in 40 Years to 7%, Democrats Concerned Inflation Will Haunt the Party
US Inflation Rate Jumps Highest in 40 Years to 7%, Democrats Concerned Inflation Will Haunt the Party One of the hottest topics in the United States in 2022 is the rising inflation
Onecoin Cryptoqueen Killed in Greece in 2018, Report Claims
Onecoin Cryptoqueen Killed in Greece in 2018, Report Claims Ruja Ignatova, founder of the crypto pyramid Onecoin, may have been murdered in Greece a year after her disappearance. A
Pre-Register Now on Aladdin Exchange to Receive 100 TNC Coins
Pre-Register Now on Aladdin Exchange to Receive 100 TNC Coins PRESS RELEASE. UAE-based crypto exchange Aladdinopens its platform for pre-registered users. This d
CFTC Takes Action Against Crypto Options ‘Ponzi Scheme’
A purported cryptocurrency and foreign exchange investment firm is in hot water with the U.S. Commodity Futures Trading Commission (CFTC) and stands accused of operating like a Ponzi scheme.
Blockchain.com Plans to Provide an NFT Domain Name to 83 Million Wallet Users
Blockchain.com Plans to Provide an NFT Domain Name to 83 Million Wallet Users Blockchain.com has announced it has partnered with the Web3 digital identity platform and NFT domain n
Donald Trump on Crypto: ‘I Don’t Want Other Currencies Coming Out and Hurting the Dollar’
Donald Trump on Crypto: "I Don"t Want Other Currencies Coming Out and Hurting the Dollar" Former U.S. President Donald Trump has commented on the growing popularity of cryptocurren
Report: Andreessen Horowitz Seeks an Investment in Bored Ape Yacht Club
Report: Andreessen Horowitz Seeks an Investment in Bored Ape Yacht Club Two reports claim that the creators of the popular non-fungible token (NFT) project Bored Ape Yacht Club (BA
Minting of ․VR, ․Metaverse, ․Chain NFT Domains Now Live on Quik․com
Minting of ․VR, ․Metaverse, ․Chain NFT Domains Now Live on Quik․com sponsored It is official! Minting of NFT domains is now live on the Quik marketplace!
Gemini Forms Creditors Committee With Houlihan Lokey to Resolve Genesis Liquidity Issues
Gemini Forms Creditors Committee With Houlihan Lokey to Resolve Genesis Liquidity Issues Roughly two weeks ago a report from the Financial Times (FT) claimed Genesis Global Capital
Twitter Files for Payment Business — Elon Musk Says Platform Could Offer Debit Cards, Money Market Accounts
Twitter Files for Payment Business — Elon Musk Says Platform Could Offer Debit Cards, Money Market Accounts Twitter has filed paperwork with the U.S. Financial Crimes Enforcement