Facebook and Instagram are reportedly exploring plans to make, showcase, and sell NFTs - Aliens: AI Crypto News & Markets Updates
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Facebook and Instagram are reportedly exploring plans to make, showcase, and sell NFTs

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The Verge

Thu, Jan 20, 2022

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Aliens TLDR

If the company launches such tools, it would be the biggest show of mainstream support for NFTs to date, and help solidify the controversial assets’ place in the digital world.

Instagram chief Adam Mosseri said last December that the company is “actively exploring NFTs and how we can make them more accessible to a wider audience,” while last October Meta CEO Mark Zuckerberg spoke about how the metaverse will need to support “ownership of digital goods or NFTs.” NFTs, or non-fungible tokens, have been gaining support with other established web platforms in recent months.

But if companies start enforcing ownership rights as signified by NFTs, they could become legitimate digital assets (at least on those platforms).

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