Today, Meta founder and CEO Mark Zuckerberg announced that both Facebook and Instagram platforms would allow users to connect their wallets and share NFTs on their social media pages. The announcement comes at a time when NFTs have generally received negative sentiments across the crypto space.
The announcement is meant to improve the quality of the experience on both social media platforms under the Meta umbrella. According to Mark Zuckerberg, the move will increase interactions on social media platforms and allow creatives to access more monetization opportunities for NFT creators.
The newly announced NFT capabilities for both Facebook and Instagram are a massive step for Meta. The move solidifies Meta’s ambitions to continue exploring the possibilities of blockchain technology and Web 3 within its platforms. Given the large user base of both Facebook and Instagram, incorporating NFTs could lead to explosive growth spiked by demand.
Often techies and crypto enthusiasts talk about...
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