Mark Zuckerberg, founder and CEO of Meta (formerly known as Facebook), has said during the SXSW conference that the popular social network Instagram plans to integrate non-fungible tokens (NFTs).
According to him, the NFTs minting feature could come to Instagram "in the coming months." However, Zuckerberg has not given an exact date for the integration of this new functionality.
It is worth noting there have previously been reports about the possibility of the social network allowing the creation of NFT-based avatars.
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The Financial Times had previously reported on Meta's plans to integrate non-fungible tokens into Instagram and Facebook, as well as the development of an NFTs marketplace.
In addition, in December 2021, Instagram CEO Adam Mosseri stated the company was "actively investigating NFTs," however, he did not provide further information.
Twitter integrated the possibility to add NFTs as profile avatars in January.