According to Instagram, the team is currently working on resolving certain technical issues.
Co-founder and CEO of Meta, Mark Zuckerberg has said that Non-Fungible Token, NFTs, will be coming to Instagram soon.
According to the CEO, the development – still on the way – would see the integration of non-fungible tokens into the company’s photo and video sharing app as the Instagram team is currently working out some of the technical challenges.
Casey Newton, the writer of The Verge’s Platformer newsletter, tweeted that Zuckerberg also said that “hopefully” in the coming months, Instagram members will be able to mint their own non-fungible tokens (NFT) within the app.
“We’re working on bringing NFTs to Instagram in the near future,” he stated.
I’m not quite ready to reveal exactly what it will be today.
But, in the coming months, the ability to bring some of your NFTs in will hopefully allow us to mint things within that environment.”
NFTs, he added, might play a part in the company’s final metaverse, which shares its grand ambition of a profitable interconnected virtual world with digital commodities.
“I’m hoping that the apparel your avatar wears in the metaverse can be essentially minted as an NFT that you can take with you wherever you go.”
There are a slew of technical issues that need to be resolved.