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.
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
Facebook Name Change Is a Crypto Game Changer for Meta