Buzz
New NFT trial on Instagram allows users to post digital assets on their profiles, messages, and Stories starting this week.
NFTs or digital assets are currently a hot topic among netizens and tech giants alike. Mark Zuckerberg recently shared on Facebook some interesting information about experimenting with NFTs on the Instagram platform. According to Zuckerberg, he doesn't want NFTs to be confined to virtual reality labs and the metaverse but also wants to integrate them into other applications. However, at the moment, the NFT trial will be implemented on the Instagram platform to allow creators and collectors to build their NFT collections.
The head of Meta promises similar features will soon be available on other platforms like Facebook, Messenger, and Whatsapp. Users will also be able to use augmented reality to enhance the posting and display of 3D NFTs on Instagram Stories.
According to Instagram's chief, Adam Mosseri, users will be able to share the NFTs they create or purchase on their feeds, messages, or Stories. The company will only conduct trials on some user accounts in the United States. Mosseri believes that this different approach from decentralized platforms like Web3, NFTs, and blockchain aims to help Instagram learn from the community and grow.
Meta also confirms that users won't be charged for uploading and sharing NFTs. Additionally, a small group of users will be able to engage in NFT trading on Instagram for a specific period of time.
Concerns arose when traditional social media platforms like Facebook and Twitter joined the NFT frenzy due to potential copyright and data control issues. However, some believe that social media will play a leading role in the NFT market - something that is currently lacking.
Twitter and Meta's willingness to enter the NFT market despite the risks is understandable, as both probably don't want to miss out on the opportunity to profit from this new technology.
NFTs, or non-fungible tokens, are digital asset certificates based on blockchain, known for their transparent nature regarding authenticity and ownership rights. In 2021, NFTs experienced rapid growth following the unexpected success of the game Axie Infinity. However, NFTs remain a controversial issue due to their inherent instability.
