The early stages
It has been reported that Meta is currently in the process of designing a feature that will allow users to display NFTs, or non-fungible tokens, as their profile pictures on Facebook and Instagram with a prototype that enables users to mint NFTs is also apparently in the works.The technology conglomerate has also followed in the footsteps of GameStop by also discussing its upcoming plans to create and launch an online marketplace where users can buy and sell NFTs.
There is no expected launch date for when these features are due to land on the market and plans may still change, but Meta remains steadfast in its plans to capitalize on the ever-expanding metaverse despite several widespread concerns.
An inevitable move
Meta CEO, Mark Zuckerberg, has previously expressed his admiration for NFTs and, particularly, how he believes they will eventually become a fundamental component of the metaverse. This makes his decision to test the waters by integrating them into Facebook and Instagram first a somewhat logical next step.It comes as Coinbase, an online cryptocurrency platform, has simplified the process of getting involved with NFTs by allowing users to purchase them from its marketplace using a Mastercard.
With Twitter also launching a feature this week that allows its users to display NFTs as their profile pictures, social media appears to be embracing the latest digital trend as opposed to shying away from it.