Instagram starts accepting NFTs on their profiles and soon on Stories 

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Mark Zuckerberg has announced that Meta will begin experimenting with “digital collectibles” on Instagram so creators and collectors alike can display an NFT as their profile picture.

That option is coming to Facebook soon, but Instagram will also start testing sooner with AR-created NFTs that can be posted to Stories via Spark AR. Commissions will not be charged at the moment, added the head of Instagram.

NFTs reach Meta, but do so timidly

The option, which had previously been available on social networks such as Twitter, is now part of the Instagram offer and, soon, Facebook.

The head of the metaverse division, Vishal Shah, explained that “this will make it easier for people to sell limited-edition digital items like NFTs, display them in their digital spaces, and even resell them to other people safely.”

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Adam Mosseri, head of Instagram, explained that they will begin to offer this option to a small group of users, after which the option will be refined and will reach more people. It also clarified that at the moment there were no commissions applied to this type of function, but there are not many more details about how it works than the creation and trading of NFTs.

For example, it is not known what currency will be used when trading with these NFTs, and it is not clear at the moment if, for example, they will use Ethereum or perhaps their own cryptocurrency that was leaked a few weeks ago.