• About
  • Privacy Policy
  • Terms
  • Contact
Friday, January 27, 2023
Financial Eye News
  • Home
  • Markets
    • Stock Market News
    • Commodities
    • Forex
    • Renewables
  • Cryptocurrency
    • Ultimate Guide to Crypto
  • Business
    • News
    • Companies
    • Technology
    • Climate
    • Politics
  • Reports
    • Ultimate Guide to Crypto
  • VideosNew
No Result
View All Result
  • Home
  • Markets
    • Stock Market News
    • Commodities
    • Forex
    • Renewables
  • Cryptocurrency
    • Ultimate Guide to Crypto
  • Business
    • News
    • Companies
    • Technology
    • Climate
    • Politics
  • Reports
    • Ultimate Guide to Crypto
  • VideosNew
No Result
View All Result
Financial Eye News
No Result
View All Result

NFTs Coming to Instagram in ‘Several Months’ as Metaverse is ‘Next Chapter of the Internet’ – Zuckerberg

March 20, 2022
in Cryptocurrency
Reading Time: 2 mins read
51 0
ADVERTISEMENT

Meta-owned major photo and video social network Instagram might start supporting “some” NFTs “over the next several months,” according to multiple reports, citing Meta CEO Mark Zuckerberg. He also stressed the importance of the metaverse for his company.

In a conversation at Austin’s South by Southwest Festival (SXSW) on Tuesday, Zuckerberg announced the plan without disclosing many details, saying that the feature would go live as soon as Instagram works out the technical challenges.

“I’m not ready to announce exactly what that’s going to be today, but, over the next several months, the ability to bring some of your NFTs in, and hopefully over time be able to mint things within that environment,” the CEO was quoted as saying by TechCrunch. 

Also, according to Hannah Murphy, a tech reporter at the Financial Times, Zuckerberg hopes that avatar clothing in the metaverse could be minted as NFTs. 

As reported, Instagram head Adam Mosseri confirmed the NFT plans in December, detailing that the popular social media platform was “actively exploring NFTs,” and that they were looking into making them “accessible to a broader audience.”

Instagram’s NFT plans align well with its parent company’s broader vision of the metaverse. 

Meta, back then still Facebook, announced late last year that it would rename itself to Meta in a bid to reflect its intentions with regard to developing the metaverse. 

And yesterday, Zuckerberg once again reiterated his commitment to developing the metaverse, calling it the “next chapter of the internet.” 

Meanwhile, Instagram won’t be the first major social network to integrate NFTs. Earlier this year, social media giant Twitter announced that it allows some users to use verified NFTs as their profile pictures.
____
 
– NFT Market Continues to Outperform Crypto Despite Correction – Nansen
– NFTs Will Become ‘Critical Pieces’ of Sports Industry – PwC

– Check These Ukraine NFT Projects Against the Russian Invasion
– Metaverse Trends in 2022: Prepare for More Gaming and New Virtual Experiences with NFTs

– NFTs in 2022: From Word of the Year to Mainstream Adoption & New Use Cases
– NFT Market Cools Down As Ukraine War Pushes Investors Toward Safe-Haven Assets



Source: Crypto News

ADVERTISEMENT
Share6Tweet4Share1SendShareSend

Related Posts

Cryptocurrency

X-eleven’s Fintech for the Post-Fiat Era is Conquering the Market

December 5, 2022
Cryptocurrency

Top crypto tweets of the day – December 5th | Financial Eye Crypto

December 5, 2022
Cryptocurrency

Are Big Eyes Coin (BIG), Tora Inu (TORA), and Orbeon (ORBN) Diamonds In The Rough?

December 5, 2022
Cryptocurrency

Botched Bitcoin Experiment Using Chivo Wallet Cost El Salvador’s Taxpayers Over $20 Million – Report

December 5, 2022
Cryptocurrency

Siacoin (SC) Price Prediction 2023/2025/2030

December 5, 2022
Cryptocurrency

Financial Eye Strategist: “We’re in the Final Stages of This Bear Market for Cryptos”

December 5, 2022

Popular Stories

  • AIG to launch cut-price IPO of life and asset management unit

    48 shares
    Share 19 Tweet 12
  • EY boss targets $10bn boost from Silicon Valley tie-ups after break-up

    32 shares
    Share 13 Tweet 8
  • Tesla delays plan to restore Shanghai output to pre-lockdown levels -memo

    32 shares
    Share 13 Tweet 8
  • TV production giant Banijay to go public via Arnault-backed Spac

    31 shares
    Share 12 Tweet 8
  • Nio to Invest $32.8M Building R&D Labs in Shanghai By Financial Eye

    30 shares
    Share 12 Tweet 8
ADVERTISEMENT

Latest News

Taylor Swift Fans Sue Ticketmaster’s Parent Company

December 5, 2022

Fisker trades down following price cut at Citi By Financial Eye

December 5, 2022

UAW president faces run-off election as reformers make gains

December 5, 2022

Felipe Valls, 89, Whose Cuban Restaurant Became a Political Hub, Dies

December 5, 2022

Longroad buys 98-MW solar farm in California

December 5, 2022
Facebook Twitter LinkedIn

Financial Eye is one of the most trusted news sources for Financial News, global news and local USA news, we provide the news from the most trusted sources.

LEARN MORE »

Recent News

  • Taylor Swift Fans Sue Ticketmaster’s Parent Company
  • Fisker trades down following price cut at Citi By Financial Eye
  • UAW president faces run-off election as reformers make gains

Sections

  • Business
  • Climate
  • Commodities
  • Companies
  • Cryptocurrency
  • Cryptocurrency
  • Forex
  • Green Energy
  • Latest Financial News
  • News
  • Politics
  • Stock Market News
  • Technology
  • Videos

© 2022 Financial Eye News Media

No Result
View All Result
  • Home
  • Markets
    • Stock Market News
    • Commodities
    • Forex
    • Renewables
  • Cryptocurrency
    • Ultimate Guide to Crypto
  • Business
    • News
    • Companies
    • Technology
    • Climate
    • Politics
  • Reports
    • Ultimate Guide to Crypto
  • Videos

© 2022 Financial Eye News Media

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Subscribe To Our Daily News Round-Up.

The top ten most-read stories direct to your inbox

You have Successfully Subscribed!

You have Successfully Subscribed!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.