Mark Zuckerberg Says Instagram Will Test NFTs Starting This Week
Meta is also working on 3D augmented reality NFTs that will be compatible with Instagram stories.
Meta (FB) CEO Mark Zuckerberg said in a video Monday that Instagram will begin testing non-fungible token (NFT) integrations this week.
CoinDesk first reported the news on May 7, with the selected blockchains being Ethereum, Polygon, Solana and Flow. Zuckerberg did not share details on which blockchains would be supported.
“We’re starting building for NFTs not just in our metaverse and Reality Labs work, but also across our family of apps,” Zuckerberg said in the video. “We’re going to bring similar functionality to Facebook soon.”
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.
In a Twitter thread posted by a Meta representative, the company said the compatible third-party wallets will be MetaMask, Rainbow and TrustWallet. Instagram will initially support Ethereum-based NFTs, with integrations for the Polygon, Solana and Flow to be added at a later date, the post also confirmed.