Facebook, Instagram Exploring Plans To Let Users Create, Buy & Sell NFTs

Facebook NFT

Two of the biggest social media platforms are reportedly exploring plans of taking NFTs truly mainstream.

According to the Financial Times, Facebook and Instagram, which recently changed their parent company’s name to ‘Meta’, are seriously considering providing tools to their billions of users, to create, buy and sell NFTs.

According to the report, plans are still at an early stage and could change at any moment.

The publication says that engineers at Facebook and Instagram are almost ready with a feature that will let users display NFTs as their profile pictures. They are also working on another feature that will allow users to mint new NFTs.

There is also discussion within the company to launch a marketplace to buy and sell NFTs.

The giant company sees the potential of the Metaverse and NFTs, but has been thus far been slow to do anything about it, other than change their name.

Last year, Instagram CEO Adam Mosseri said this of the NFT situation at his company. “Nothing to announce yet, but we are definitely actively exploring NFTs and how we can make them more accessible to a wider audience. I think it’s an interesting place that we can play…and also a way to hopefully help creators.”

As it stands, NFT, Metaverse and Web3 are only buzzwords among the tech savvy. With its massive audience, Facebook and Instagram (Meta) would go a long way in bringing them to the masses.

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