Instagram Testing NFTs on Its Platform

Instagram is testing the integration of NFTs with "a handful" of creators this week, according to a video posted by Instagram CEO Adam Mosseri today on Twitter.

"We wanted to start small and learn from the community," Mosseri said. "...one of the challenging things we need to solve as an industry is how to help creators make a living doing what they love."

There will be no fees associated with the collectibles, Mosseri said. On Saturday, CoinDesk published a story about the rollout, saying that Meta — Instagram's parent company — planned on allowing Instagram users to sell NFTs from the Ethereum, Polygon, Solana and Flow networks.

Author Bio

TD Marquis

A veteran journalist and editor with more than a decade's worth of experience, TD helped a small community newspaper in Vermont win a New England Newspaper Association Right to Know Award in 2014. TD helped compile five years' worth of invoices to uncover a long-established practice of small-town government officials paying themselves six figures to do small jobs around town. TD discovered NFTs with Top Shot in 2021 and his first NFTs on ETH were saving two Mooncats. He is now the proud owner of Rowhome #61 and 1,300 other NFTs of questionable value. He also sent 4 ETH to a fake Mekaverse site and wants Lucky Trader readers to avoid the same fate.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.