Instagram and Facebook May Also Be Involved in NFT Craze

Meta (formerly Facebook), which is on the agenda with its Metaverse investments, is now planning to make a move towards NFTs. According to the Financial Times, the giant company can integrate NFTs into Instagram and Facebook applications.
 Instagram and Facebook May Also Be Involved in NFT Craze
READING NOW Instagram and Facebook May Also Be Involved in NFT Craze

NFTs (non-fungible tokens), which means the digital certification of assets stored and protected by blockchain technology, continue to spread rapidly. Many people pay hundreds of thousands of dollars for these assets and think they are making big investments for the ‘future’. As you can imagine, giant companies do not fall behind and share their NFT investments with the whole world.

In the past months, we have conveyed to you that Instagram is planning to make a move on NFT. Now, new news has started to come that Meta (formerly Facebook), which has changed its name to invest in the metaverse, plans to bring NFTs to the applications of social media platforms Facebook and Instagram.

It may become possible to create NFTs on Instagram and Facebook

According to the Financial Times, Meta, the umbrella company of Facebook and Instagram; plans to bring features to applications that will allow users to create NFTs, share these NFTs or use them as profile photos. In addition, it is among the news that Meta plans to establish an NFT market that can compete with giant platforms such as OpenSea or CoinBase.

It should be noted that these moves are at a very early stage and that they may change. However, considering the metaverse investments of Meta, which is among the largest technology companies in the world, it would not be wrong to say that such a move is highly likely.

In the past days, we mentioned that the giant game retailer GameStop plans to create an NFT market. In addition, we shared with you that Japanese game developer Square Enix is ​​also considering joining NFTs. In short, such investments by giant companies show that NFTs will continue to be in our lives for a long time, although many people find the rapidly rising NFT craze ‘ridiculous’. So, what do you think about NFTs getting so much investment and popularization? You can share your thoughts in the comments.

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