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Facebook and Instagram could help you make and sell NFTs

Meta might be next to jump on the Bandwagon on NFTs. The Financial times' sources claim Meta is developing a way to create, display and sell NFTs on Facebook and Instagram.

The company's Novi wallet technology would be powering a lot of the ''supporting functionality''. Instagram is supposedly testing a way to showcase NFTs - while Meta is also discussing a way to market the digital collectibles.

Meta declined to comment, and sources cautioned the efforts were still early and could be changing.

Though, Instagram leader, Adam Mosseri said in December 21 that his social network was ''actively exploring'' NTFs. The technology is at least on the company's mind.

A dive into NFTs would make sense. While some companies abuse the link between NFTs and the Metaverse, Meta might want the residents of the virtual worlds can sell unique digital items.

This could also help Meta prevent third-party platforms like OpenSea's market from gaining too big a hold - if NFTs prove to be more than a trend.

(A non-fungible token (NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger.)


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