Join the larget crypto conference of 2022 in Bitcoin
$ 39,046

Today Instagram may announce NFTs support: Report

Today Instagram may announce NFTs support: Report 7

Reportedly Instagram is very close to announcing its support for the Ethereum, Solana Network-backed NFTs collectibles.

Instagram is a giant video & photo-sharing social media platform, a subsidiary of Meta ( former Facebook). In the list of top social media platforms, Instagram is showing a better stand to go with NFTs-based project support to bring a better user experience for Instagram users. 

On 8 May, leading news platform Coindesk reported that Instagram may announce its official support for the NFTs-based digital collectibles, to allow the users to showcase their NFTs collections.

In the initial phase of the rollout of the NFTs support, Instagram will give room for a small group of US-based NFT aficionados. And also it will support top leading blockchain networks, like Solana, Ethereum, Polygon, Flow but at present time it is still unclear whether it will support four major crypto networks or it will remain limited to a few or single networks. 

With this crypto NFTs networks support, Instagram is also planning to support the integrated use of Metamask-like wallets to allow Instagram users to verify & prove their digital collectibles ownership. 

Coindesk also confirmed through its reports that Instagram will not charge any fees for the users to show off NFTs collectibles in their profile, unlike Twitter charged the users to showcase NFTs as profile pictures.

At present, Instagram has a 1 billion active user base globally and the majority of them love to share their artworks through Instagram. 

Meta, a backend company behind Facebook, WhatsApp & Instagram, will support Instagram’s NFTs initiative via Facebook with minting and group membership options. 

Meta in Metaverse

Meta (formerly Facebook) is actively working to develop its Metaverse (next-level virtual reality platform) to provide a better user experience for its users. 

However, the majority of the Metaverse projects are still in the initial phase of development and also the craze among the other leading companies to work on Metaverse was initiated because of Meta. 

There are expectations to see a Metaverse-based prototype of projects in 2023. 

Read also: CoinShares chief officer says govts moving toward bitcoin ban

Today Instagram may announce NFTs support: Report






Buy bitcoin and other cryptocurrencies on crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !

Cryptos OTC Trading Platformb- Idle coins earn interest

Ads by Cryptonews24

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

--------------------------Ads by Cryptonews24--------------------------------------
CocaCola Investing Platform

✅Brand new company platform launched 17/09/2022🔥💯


👉🏼Coca-Cola 👈

Don't miss Coca-Cola if you want to generate passive income.

It is a brand new company with stable and moderate income that will help investors earn money in the long run.

Say no!! on sites with high commissions, they only last a few days.

Coca-Cola is a legitimate company and supplies are standard.

$5 sign up bonus

-Minimum deposit $20
-Minimum withdrawal $10

Withdrawal time 0~10 minutes💯 ✅

Get 7% of your deposit everyday🔥
-Deposit 20, Get $1.5 Daily ✅
-Deposit 30, Get $2.1 Daily ✅
-Deposit 50, Get $3.5 Daily ✅
-Deposit 100, Get $7 Daily ✅
-Deposit 200, Get 14 Daily ✅

Get 10% of your first deposit and 10% on invite deposits 😱

Reward Invitations🏅
-30 valid members, get $100 reward ✅
-60 valid members, Get $150 reward ✅
-100 valid members, Get $350 reward ✅
Note: Valid member charges $30 and up

Deposit Reward🏅
Get 10%, 2% and 1% of Lv1, Lv2 and Lv3 group deposits.

A lot of activities will be organized in the main group to help hardworking members make a lot of money 💰

Registration link

This is a long term project!! Do not miss it!!! 💎 💎 💎 💎 💎


Cryptonews24 Channel Chat