Some US collectors and creators will be able to share their NFTs on Instagram this week.
After Mark Zuckerberg confirmed to add NFT to Instagram in March, on the evening of May 8, they also announced that they will be piloting NFT support from Ethereum, Polygon, Solana, and Flow as soon as this week.
Zuckerberg said that Meta will begin testing NFT on Instagram with some creators and collectors in the US. “We are starting to test digital collections on Instagram so that creators and collectors can display their NFTs,” he shared. Zuckerberg said that Meta will begin testing the new feature on Instagram this week, with “similar functionality” to follow on Facebook in the future.
Although Zuckerberg didn’t elaborate on exactly what the new feature will look like, he does say that NFT will allow for “saying something about yourself.” He also noted that Meta has plans to explore adding augmented reality NFTs to Instagram Stories through a dedicated augmented reality platform, Spark AR.
Meta will initially support NFT on Ethereum and Polygon, before expanding to assets contained on Solana and Flow. It’s worth noting that Meta could theoretically launch its own blockchain to support the NFT, although that would require building up the infrastructure and user base as the majority of NFT collectors do. get used to trading JPEGs on networks like Ethereum and Solana.
In addition to Zuckerberg’s post, Instagram head Adam Mosseri posted a video on Twitter today announcing the update.
“This week, we’ll begin testing digital collections with a number of US creators and collectors who will be able to share NFTs on Instagram. There will be no fees associated with posting or sharing a digital collection on IG.”