The Tribes


Main Hall - May 8, 2022

Instagram will support nft

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Instagram, the social media platform owned by Meta, will support non-fungible tokens (NFTs) for crypto art from several major blockchain networks, with the announcement of a pilot coming as soon as Monday, CoinDesk reported today, without citing its source.

Ethereum, Polygon, Solana and Flow, which host most of the trading in digital collectables, are in line for Instagram NFT integrations, CoinDesk said. Still, it added, it was unclear whether NFTs from all four chains would be supported in the launch.

Instagram will not charge users for posting and sharing NFTs, as Twitter initially did for its hexagonal NFT profile pictures in January, CoinDesk said.

Meta CEO Mark Zuckerberg had said in Marchat SXSW that NFTs would be coming to Instagram, confirming an earlier report by the Financial Times.