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Meta CEO Mark Zuckerberg revealed in a video Monday that Instagram will begin testing non-fungible token (NFT) integrations this week. The company says it’s also working on three-dimensional, augmented-reality NFTs with its Spark AR software, which will first be compatible with Instagram stories.
Zuckerberg said in the video;
“WE’RE STARTING BUILDING FOR NFTS NOT JUST IN OUR METAVERSE AND REALITY LABS WORK, BUT ALSO ACROSS OUR FAMILY OF APPS,”
“WE’RE GOING TO BRING SIMILAR FUNCTIONALITY TO FACEBOOK SOON.”
In a Twitter thread published by a Meta spokesperson, the business claimed the compatible third-party wallets would be MetaMask, Rainbow and TrustWallet. Instagram will initially accept Ethereum-based NFTs, with connectors for the Polygon, Solana, and Flow to be introduced later, the post also said.
By Abraham Aroloye