In a world where NFTs are all the rage, how could Instagram and Meta stay back?
According to reports by tech outlets, Mark Zuckerberg said that Meta would add NFTs to Instagram, without describing the ‘How’ and ‘When’ of the process. He said during a session at South By Southwest that “over the next several months, the ability to bring some of your NFTs in, hopefully over time be able to mint things within that environment.”
This statement was already partially believable since, last year, Instagram lead Adam Mosseri said the team was “actively exploring NFTs” but didn’t have any actual announcements. In January, a report suggested that teams at Facebook and Instagram were working on NFT integrations. The report mentioned that there was progress on features to let you use an NFT as a profile and mint NFTs on the platform and discussions around creating a marketplace.
But this being said, the major question here is what minting an NFT on Instagram would mean. Meta isn’t saying yet, though it does seem that minting capabilities won’t be coming until further down the line. Zuckerberg did note on Tuesday that “a bunch of technical things that need to get worked out before that’ll really be seamless to happen.”