NFT in Instagram: Zuckerberg confirmed plans to add NFTs to Instagram
Meta founder and CEO Mark Zuckerberg said that non-fungible tokens will appear on the social network in the near future.
"We're working on bringing NFTs to Instagram in the near term," Mark Zuckerberg said. He didn't detail exactly how that would take shape, but suggested people would be able to show off their existing NFTs and potentially mint new ones. "I'm not ready to kind of announce exactly what that's going to be today. But over the next several months, the ability to bring some of your NFTs in, hopefully over time be able to mint things within that environment."

What happens after NFT is implemented in instagram?

  • Part of the integration will allow Instagram users to create NFTs directly in the app.
  • Facebook and Instagram users will also be able to display NFT on their profiles.
  • The Company's metaverse has confirmed that it will support NFT.

Speaking Tuesday, Zuckerberg also said that NFTs could one day play a role in the company's eventual metaverse. "I would hope that you know, the clothing that your avatar is wearing in the metaverse, you know, can be basically minted as an NFT and you can take it between your different places," he said, "There's like a bunch of technical things that need to get worked out before that'll really be seamless to happen."

NFT Integrations Popular with Social Networks

At the beginning of 2021, Twitter added the ability to put NFT as a profile photo. It became available to subscribers of the premium service Twitter Blue with devices based on the iOS operating system. Now they can link their social network account to a cryptocurrency wallet and select NFTs to use as their profile photo.

Following Twitter, Reddit began testing NFT avatars on its platform. Users now have the opportunity to buy avatars with non-fungible tokens and install them as a profile picture.
In 2021, the platform released a collection of its own Ethereum-based NFTs, CryptoSnoos. Now the official representatives announced that NFTs from the collection can be used as a profile picture and added them to the avatar editor.

Plans for NFT implementation

Users are expected to be able to create non-fungible tokens directly on the platform. Alexander Tobol, technical director of VKontakte, told about it in an interview.
NFT support will be one of the tools to monetize content and protect intellectual property rights. Tobol did not name the deadline for the introduction of the new feature.

Adding NFT-related options for content creators is seen by YouTube as well. YouTube CEO Susan Wojcicki previously said the company was exploring the possibility.
YouTube Chief Product Officer Neil Mohan later said that blockchain and NFT would help creators build closer relationships with followers. He suggested that in the future followers would be able to purchase NFT versions of unique photos, videos and other content.