Meta and Instagram examine an NFT feature in the early phase-

Meta Platforms, Inc., formerly known as Facebook, Inc., accordingly experimented with the technology of non -fungible tokens (NFT), according to unknown sources that spoke to the Financial Times (FT). Allegedly "prepares" Meta an NFT feature, but it is "in an early stage and could still change".

an test report Examine the NFT technology. FT quotes uneducated sources that are familiar with the matter and claim that Meta and Instagram are talking about "the introduction of a marketplace for users for buying and selling NFTS". However, there was no official word about the use of the NFT technology of the American multinational technology conglomerate based in Menlo Park.

The sources said that both companies "prepared" an NFT function, but the concepts could change over time. Meta was a pioneer in trying to be in the meta personation trend and has Oculus for virtual reality (VR). Nevertheless, Meta has not mentioned anything about the future use of the NFT technology. However, Instagram has indicated to use NFTs on the social media platform.

NFT information from Instagram, report claims that Novi Wallet from Meta could support the NFT functionality

During an ASK-Me-Anything (AMA) session on Instagram, Adam Mosseri, the company's CEO, said, said "Instagram wants to make it more accessible to a wider audience". Last May Instagram organized his first annual "Creator Week". presents not fungible token and nft-artist. Not too long after the first Instagram Creator Week, software developer Alessandro Paluzzi shared screenshots Instagram, NFTS to integrate last June.

Paluzzi further divided an alleged NFT function that Instagram could build an NFT marketplace. While Instagram reports his toes in the world of the NFTS, Meta has tacitly introduced the company's crypto letter bag Novi , and recently resulted in a limited rollout for selected users. FT's report also notes that the Novi letter bag could have a "supportive functionality" according to one of the unnamed sources.

What do you think about the unnamed sources that say that Meta and Instagram prepare an NFT feature? Let us know your opinion on this topic in the comment area below.

Jamie Redman

Jamie Redman is the news manager at Bitcoin.com News and a Journalist for Financial Technology living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com news about the disruptive protocols that arise today.

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