Home Tech Instagram will soon support NFT from Ethereum, Polygon and others: Report

Instagram will soon support NFT from Ethereum, Polygon and others: Report

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As the world continues to normalize monkeys that aren’t impressed, dressed better than most people you can see on a normal day, Meta Platforms Inc. is going to allow the use of NFT in Instagram, reports Coindesk report.

It is reported that Instagram has established links with popular blockchain hosting networks NFT Ethereum, Polygon, Flow and Solana to gain digital art assets on its platform. An official announcement is expected on Monday. Ethereum is an industry leader when it comes to NFT, being home to the famous NED Bored Ape line.

The social networking platform will combine efforts with the well-adapted MetaDesk cryptocurrency wallet. This will allow users to connect their wallets to prove ownership of their NFT, display them in their profiles and pay tribute to their creators.

Unlike Twitter, which has taken an approach to charge users a small fee to show their boring monkeys in Supreme jackets and Cartier chokers, Instagram will not charge money for using NFT.

Instagram is one of the most widespread social networks today. Due to the fact that NFTs are creating a presence in the Instagram user pool, this may lead to wider recognition and wider dissemination of the concept to digital assets and cryptocurrencies.

NFTs make significant own jumps. Provided by Indian startup NFT Revise, NFT can now be programmed for changes according to the data provided, such as changing clothes and umbrellas when weather reports indicate the possibility of rain.

https://thetechportal.com/2022/05/09/instagram-nft-ethereum-polygon/

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