Meta Keeping Its Metaverse Promise: Zuckerberg Says Instagram May Get NFTs Soon

Meta keeps reminding about the soon arrival of non-fungible tokens into its social media.

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 

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Facebook Name Change Is a Crypto Game Changer for Meta 

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Nazar Kuzmyn

Nazar Kuzmyn is an audience editor at DailyCoin, responsible for SEO aspects of the publication, long-form content, and the daily newsletter. He has experience in marketing copywriting and journalism, and his educational background includes a Bachelor's in International Relations and a Master's in Journalism and Media Industries. He currently lives in Vilnius, Lithuania, and enjoys attending live concerts and playing indie video games in his free time.