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World-encompassing social media of pictures, Instagram, has revealed it will go multi-chain as it begins its love affair with the non-fungible. Therefore, providing support for the Ethereum, Polygon, Solana and Flow blockchains on its platform.
The first iteration of Instagram’s NFT journey will arrive imminently in the form of a limited pilot. However, they will initially restrict this to a select few NFT advocates based within the USA. As a result, users will then have the functionality to display and showcase their non-fungibles to all a sundry, as well as tagging the creators responsible for the original designs.
Instagram’s pilot for non-fungible tokens could be announced as early as TODAY, according to a report 😱
Find out which users would gain access first — and the four blockchains set to be supported 👇https://t.co/7JYF4ShGxy
— CoinMarketCap (@CoinMarketCap) May 9, 2022
Furthermore, in direct contrast with its social media rival, Twitter, Instagram will not charge for its service. As a result, allowing its users to embark on their NFT journey free from the burden of a monthly subscription. Thereby, continuing to support the digital art community on their artistic endeavours.
Following the pilot, team Zuckerberg, AKA ‘Meta,’ has hinted it will begin rolling out NFTs within its other key properties. Most notably, social media echo chamber, Facebook, which will take a look at group membership and minting.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
Decentralised human, Explorer, Adventurer.
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