The CEO of Instagram, Adam Mosseri, confirmed that the platform a place to buy, sell and store cryptocurrency is exploring NFTs to make them more accessible to a wider audience. *** Instagram is exploring the integration of non fungible in cryptocurrency, fungibility is when a coin or token can be replaced by any other identical coin or token. tokens (NFT) into its platform, according to the company’s CEO. In truth, the news is not completely new, given that in July it had already said it the mobile developer Alessandro Paluzzi who in the past has revealed other mobile application updates in advance. However, now it is the very head of the social network a network refers to all nodes in the operation of a blockchain at any given moment in time. who says so. The CEO of Instagram, Adam Mosseri, confirmed that the platform is actively exploring NFTs and ways it can make them more accessible to its growing user base. Mosseri made the comments in an Instagram Q&A over the weekend. He said one idea would be to label Instagram posts offering NFTs as “collectibles.” He indicated that there was no official announcement yet, but that things are happening behind the scenes.
“There’s nothing to announce yet, but we’re definitely actively exploring NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain). and how we can make them more accessible to a wider audience.”
Mosseri added that they wanted to help content creators and said: “I think it’s an interesting place for us to play and also a way to help creators.”
Those who said it before
Digital digital technologies are these electronic tools that have the ability to generate, store or even process data. artist Sean Williams revealed some of these plans back in May when he said that Instagram was working on an NFT platform and was reaching out to artists working in that space. Also, as we said, app developer Alessandro Paluzzi shared details about the possibility of NFT on Instagram at the end of June. In fact, at that time, he posted screenshots of the “Collectibles,” indicating that the social media platform is actively working to integrate them. In October, he posted that Instagram is continuing to work on “Collectibles” by adding the ability to connect a digital wallet a place where cryptocurrency users can store, send and receive digital assets. like MetaMask. Also in early December, Paluzzi said more wallets had been added, specifically mentioning Coinbase, TrustWallet y Novi.
NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. as profile picture
According to reports, Mosseri also mentioned some new features, such as profile embeds that expand the ability to embed photos and videos into user profiles. This could also be related to “Collectibles “if users want to display their NFT as their profile picture, as many already do on Twitter. Sources:Thehindubusiness, Cryptopotato , Coingape Version of DiarioBitcoin Imagen de Unsplash