The social media giant has finally entered the world of Non-Fungible Tokens (NFTs).
NFT is a unique digital token encrypted with an artists signature verifying their ownership and authenticity.
In addition, NFTs can be a part of a collection or a piece of virtual art.
Instagram has confirmed that the popular photo-sharing app will start testing non-fungible tokens (NFTs).
Instagram will be one of the social media platforms to introduce NFT profile pictures.
There will be no fees associated with posting or sharing a digital collectible on IG.See you next week!
There will be no fees for posting or sharing a digital collectible on IG.
I want to acknowledge upfront that NFTs are all about distributing trust and power.
But Instagram is fundamentally a centralized platform, so theres a tension there.
So one of the reasons why were starting small is so that we can learn from the community.
Part of it will be about making it easy for people to pay for things.
The working wallets include Rainbow, MetaMask, and Trust Wallet.
Support for Coinbase, Dapper, and Phantom.
