In November 2021, Facebook Inc. exploded into the crypto space with its exciting plans for a brand new metaverse and the unexpected rebrand to ‘Meta‘. With these announcements, Mark Zuckerberg managed to propel a number of metaverse cryptocurrencies to new heights in the same way Elon Musk had with memecoins half a year earlier.
Since then, Meta has continued to remind the industry about the imminent arrival of non-fungible tokens to its social media platforms. Recently, company CEO Mark Zuckerberg talked about Instagram’s future at the SXSW Conference, where he remarked: “We’re working on bringing NFTs to Instagram in the near term.” On the other hand, he was reluctant to provide the exact details of the upcoming plans.
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Read previous announcements from Zuckerberg and Meta here:
Facebook and Instagram May Soon Allow Users to Mint and Display NFTs
Mark Zuckerberg Believes Digital Items Can One Day Have the Same Market Size as Physical Items