Meta announced the integration of NFT on Instagram this Thursday (4). With this, collectors from 100 countries will now be able to exhibit their digital art, both created and purchased. Initially, Instagram will support two blockchains, Ethereum (ETH) Y Polygon (MATIC). He then states that he will soon be working with Flow (FLOW) and Solana (SOL). The move comes nearly a year after Twitter will adopt NFTs in its social network. So this is a great example of how common this technology is in our daily lives.
Instagram chooses Ethereum and Polygon for its integration
With 1.1 billion active users in 2021, Instagram can drive NFT industry after integrating them into your platform. The adoption is part of the strategy of its parent company, Meta, which has been focused on the metaverse since dropping the Facebook name. In its announcement, the company states that users from more than 100 countries will be able to use the service, including Brazil. The initially chosen blockchains were Ethereum and Polygon, however Flow and Solana will be integrated in the future.
“By supporting NFT, we aim to improve accessibility, lower barriers to entry, and help make the NFT space more inclusive for all communities.”
To use NFT on Instagram, users need to go to their profile settings, click “Collectible Digital Items” and then choose one of the five supported wallets. They are Trust Wallet, MetaMask, Rainbow, Coinbase and Dapper.
NFT tab on Instagram by visiting profile settings. However, the service is not yet available to everyone. In an attempt to Cryptoreport, the above process ends in a broken link, making it impossible to observe the operation of NFTs.
What will NFTs look like on Instagram?
According to the Meta post, collectors will be able to choose their NFTs, created or purchased, from their own wallet to display on Instagram.. Thereafter, a “Digital Collectible” tag will appear on the image, allowing you to display more information about the art, such as the collection and profiles of its creator and current owner.
NFTs on Instagram. Source: Playback. Ironically, Instagram’s choice of Ethereum comes after Vitalik Buterin stated that the facebook metaverse will fail. Finally, Mark Zuckerberg’s company claims that no fees will be charged for posting or sharing NFTs on its social network.