Mark Zuckerberg Says Instagram Will Test NFTs Starting This Week
Meta is also working on 3D augmented reality NFTs that will be compatible with Instagram stories.
May 9, 2022 at 1:29 p.m. UTCCoinDesk first reported the news on May 7, with the selected blockchains being Ethereum, Polygon, Solana and Flow. Zuckerberg did not share details on which blockchains would be supported.
“We’re starting building for NFTs not just in our metaverse and Reality Labs work, but also across our family of apps,” Zuckerberg said in the video. “We’re going to bring similar functionality to Facebook soon.”
The company says it's also working on three-dimensional, augmented-reality NFTs with its Spark AR software, which will first be compatible with Instagram stories.
In a Twitter thread posted by a Meta representative, the company said the compatible third-party wallets will be MetaMask, Rainbow and TrustWallet. Instagram will initially support Ethereum-based NFTs, with integrations for the Polygon, Solana and Flow to be added at a later date, the post also confirmed.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/GURWDTLSXVGF7J2DAQMKZ44KYE.png)
UPDATE (May 9, 14:00 UTC): Updated to include compatible wallets and supported blockchains.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
:format(webp)/s3.amazonaws.com/arc-authors/coindesk/c6a60ab3-8787-459e-b5be-5353f2d941f1.png)
Eli was a news reporter for CoinDesk. He holds ETH, SOL and AVAX.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.