Big tech company Meta, formerly known as Facebook, will extend its non-fungible token (NFT) features to the social network Instagram. According to an official announcement, the company partnered with the Ethereum-based second-layer solution Polygon to allow creators to mint their digital assets.
Meta is stepping up their NFT capabilities by implementing new features. In May 2022, the company introduced digital collectibles to Instagram for U.S.-based users. The new features allow creators to connect with their fans, monetize, and have more control over their content.
In addition to minting their own NFTs, creators can trade them on the social network’s digital marketplace. As seen in the image below, Instagram will describe an item or collection and its price and let users connect their crypto wallets.
So far, users can connect their Polygon, Ethereum, wallets, and addresses from third-party providers, such as Coinbase, Dapper, and MetaMask. The company announced it would test the new features before releasing them to U.S. users and other countries. Sandeed Nailwal, Polygon Co-Founder, stated the following about the new…
