Meta plans to integrate NFT into Facebook and Instagram profiles

Meta plans to integrate NFT into Facebook and Instagram profiles

Meta is reportedly planning an integration to allow social media users to post their NFTs to Facebook and Instagram.

Multinational tech conglomerate Meta is reportedly diving into non-fungible tokens (NFTs) by integrating a feature that will allow users to display their NFTs on their Facebook and Instagram profiles. According to The report, Meta is currently working on prototypes that will allow users to mint collectible tokens.

Meta is also considering launching a marketplace that allows the buying and selling of NFTs. However, while the news may excite millions of NFT enthusiasts using social media, all projects are still in the early stages and may yet change accordingly.

The talks follow a push to bring in more staff to help with Meta projects. On January 12, Meta launched a campaign to hire more employees and asked about 100 people to leave Microsoft. Meanwhile, to prevent staff from leaving them for Meta, Apple offered bonuses of $50,000 to $180,000, as well as stock options.

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Formerly known as Facebook, Meta’s significant rebranding allows the company to focus on initiatives beyond social media. Last year, the company announced plans to create a Metaverse that connects physical experiences with online social experiences. The company has also released haptic glove trailers that could be implemented for use in its future Metaverse.

Potential earnings in the world. NFT become very difficult to ignore. The companies even predict that traditional brands will dive into the NFT space and explore how to make money in the market.

Recently, Opensea, the NFT market leader, surpassed $3.5 billion in monthly transaction volume. This means that more than $169 million is spent on NFT trading within the platform alone every day. According to NFT sales tracking statistics, the NFT market has recorded a total of $25 billion in all-time sales so far.

Par Ezra Reguerra, Cointelegraph

Ezra is a journalism and broadcasting graduate and cryptocurrency enthusiast, with the goal of documenting humanity’s journey to adopt innovative technologies through blockchain.

The opinions expressed herein are solely those of the author and do not necessarily reflect the views of Forex Quebec. Every investment and trading move involves risk, you should do your own research when making a decision.

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Disclaimer: The information and opinions contained in this report are provided for general information only and do not constitute an offer or solicitation to buy or sell forex, CFD and cryptocurrency contracts. . Although the information contained in this document has been obtained from sources believed to be reliable, the author does not guarantee its accuracy or completeness, and assumes no responsibility for any direct, indirect, or consequential damages that may result from anyone’s reliance on such information. information.

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