Report: Meta and Instagram Are Exploring an 'Early Stage' NFT Feature – Bitcoin News

Meta Platforms, Inc., formerly known as Facebook, Inc., is reportedly experimenting with #NFT technology.

Nft, Blockchain

1/20/2022 8:02:00 PM

Meta Platforms, Inc. , formerly known as Facebook , Inc. , is reportedly experimenting with NFT technology.

Meta Platforms, Inc. , formerly known as Facebook , Inc. , is reportedly experimenting with non-fungible token ( NFT ) technology.

Report: Meta and Instagram Are Exploring an 'Early Stage' NFT FeatureMeta Platforms, Inc., formerly known as Facebook, Inc., is reportedly experimenting with non-fungible token (NFT) technology, according to unknown sources speaking with the Financial Times (FT). Allegedly, Meta is “readying” an NFT feature but it is “at an early stage and could yet change.”

Meta and Instagram Are Reportedly Experimenting With NFT TechAreportstemming from the financial news outlet FT says that Meta and the firm’s subsidiary Instagram are currently exploring NFT technology. FT quotes unnamed sources familiar with the matter, that claim Meta and Instagram are conversing about “launching a marketplace for users to buy and sell NFTs.” However, there has been no official word about leveraging NFT tech from the American multinational technology conglomerate based in Menlo Park.

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Meta is looking to launch NFT marketplace: Report Meta , Facebook 's parent company, is reportedly drawing up plans to allow users to create and display NFT s on their profiles. So many boomers about to be finessed Unchained_pod Their novi wallet runs on ethereum

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36 seconds ago Report: Meta and Instagram Are Exploring an 'Early Stage' NFT Feature Meta Platforms, Inc., formerly known as Facebook, Inc., is reportedly experimenting with non-fungible token (NFT) technology, according to unknown sources speaking with the Financial Times (FT). Allegedly, Meta is “readying” an NFT feature but it is “at an early stage and could yet change.” Meta and Instagram Are Reportedly Experimenting With NFT Tech A report stemming from the financial news outlet FT says that Meta and the firm’s subsidiary Instagram are currently exploring NFT technology. FT quotes unnamed sources familiar with the matter, that claim Meta and Instagram are conversing about “launching a marketplace for users to buy and sell NFTs.” However, there has been no official word about leveraging NFT tech from the American multinational technology conglomerate based in Menlo Park. The sources said both companies have been “readying” an NFT feature, but the concepts could change over time. Meta has been at the forefront of trying to be a leader in the metaverse trend and owns the virtual reality (VR) firm Oculus. Still, Meta has not mentioned anything about leveraging NFT tech going forward. Instagram, however, has been hinting at utilizing NFTs on the social media platform. Instagram’s NFT Hints, Report Claims Meta’s Novi Wallet Could Support NFT Functionality During an ask-me-anything (AMA) session on Instagram, Adam Mosseri, the company’s CEO,