NFTs News

Instagram Will Soon Support Ethereum, Solana and Polygon NFTs On Its Platform

With the unveiling of a pilot on Monday, NFTs from some of the most popular blockchain networks for crypto art are heading to Instagram.

Insta Will Soon Support Ethereum, Solana and Polygon NFTs On Its Platform

Meta’s social media powerhouse is preparing non-fungible token (NFT) integrations for Ethereum, Polygon, Solana, and Flow. The great majority of digital collectibles transactions takes place on those networks, with Ethereum and its Bored Apes topping the pack in terms of market capitalization.

A small group of NFT enthusiasts from the United States will participate in the pilot. It’s unclear whether Instagram will support NFTs from all four chains when it launches.

Instagram plans to enable popular crypto wallets like MetaMask

Instagram Will Soon Support Ethereum, Solana and Polygon NFTs On Its Platform

Users will be able to prove NFT ownership, display them on their accounts, and tag the artists who created them by plugging in their wallets.

Instagram will not charge users for publishing and sharing NFTs, like Twitter did for its hexagonal NFT profile images in January.

The ruling will almost certainly result in a surge of fresh cultural prominence for NFTs. Instagram has approximately one billion monthly active users, many of whom use it to promote and market their work. Meta CEO Mark Zuckerberg teased the initiative in March without divulging much details.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Annie

CoinCu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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