Report: Meta Planning NFT Integration For Facebook, Instagram
For Meta, it's not really a matter of if they'll enter the booming NFT market, but when. The Facebook and Instagram parent company pivoted its entire business strategy to "build" the metaverse, after all.
But it looks like reported plans to let users display NFTs on their social media profiles is in early stages, as is a minting feature and marketplace to sell them, according to The Financial Times.
The rumors come on the coattails of Twitter's recent addition of NFT verification for PFPs on the app, which launched Thursday.
Per the Financial Times report, plans for Meta's NFT features still are contingent on its crypto wallet, Novi.