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Facebook, Instagram & YouTube are Planning to Integrate NFTs Into Their Platforms

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Source: NME & Daily Hodl & Forbes

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As the NFT craze continues to go on, more and more social media platforms are planning to find ways of integrating NFTs into their platforms to keep up.

It was recently announced by Twitter that its iOS users would now be allowed to display NFTs in their profile photos through a tool through which enables users to showcase their NFTs as hexagonal profile pictures.

 

Following the announcement by Twitter, it was reported that Meta Platforms Inc were working on ways to let users create and sell NFTs on Facebook and Instagram.

The teams at Facebook and Instagram are apparently preparing features to let users mint their own NFTs and display them as profile photos.

According to the report, Meta is also preparing a complete NFT marketplace. However, the details on the project are unknown.

Meta

 

Facebook made its first major hint about an entrance to the NFT market back in August 2021 when Facebook Financial head David Marcus said that the company was “definitely thinking” about it.

“Thinking about the metaverse as a fully digital environment is actually super helpful when you design products that need to be future-proof.”

“When I look at what’s going to be needed in the metaverse, it’s really seamless movement of value, and for that, we need a new infrastructure, interoperability, because you’ll want to have multiple wallets able to participate in a metaverse,” he added.

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Meanwhile, YouTube appears to also be exploring features for its video creators to capitalise on NFTs as announced by its Chief Executive Officer.

“We’re always focused on expanding the YouTube ecosystem to help creators capitalise on emerging technologies, including things like NFTs, while continuing to strengthen and enhance the experiences creators and fans have on YouTube,” wrote YouTube CEO Susan Wojcicki.

 

How excited are you by the thought of NFTs on social media platforms? Let us know in the comments.

 

Also read: These 5 NFTs Are The Most Expensive NFTs Sold in 2021, No. 1 Spot is RM384 million!

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Source: NME
Source: Daily Hodl


Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

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