Meta, formerly known as Facebook, has begun rolling out NFTs for some U.S. creators on its flagship social network.
Facebook is starting with Ethereum and Polygon NFTs but will soon add support for NFTs on Solana and Flow, a Meta representative told Decrypt via email.
Meta Product Manager Navdeep Singh shared a sneak peek of what NFTs will look like on Facebook in a Twitter post Wednesday. According to the post, users will have a “digital collectibles” tab on their Facebook profiles where they can showcase their NFTs, which are unique blockchain tokens that signify ownership.
We're launching NFTs on Facebook! Excited to share what I've been working on with the world. pic.twitter.com/TaV66zRanV— Navdeep Singh (@navdeep_ua) June 29, 2022
User could be able to join their crypto currency wallets to their fb profiles. They’ll additionally be able to show their nfts into Facebook posts, which can be reacted to, favored, commented on, and shared similar to every other put up. Tech and media representative martin bryant argued that meta “virtually desires to offer a home to web3 oldsters” with the statement, thinking about the company has also these days started testing out modifications to fb groups to make them look “more like discord.”
Facebook is starting with Ethereum and Polygon NFT
Mr. Singh did no longer respond to decrypt’s request for comment.
The social media giant previously began rolling out NFTs on Instagram for some creators “in a handful of countries” in May, the Meta representative confirmed to Decrypt via email.
In an earlier announcement, Instagram shared that NFTs posted or shared on the app will automatically tag both the NFT’s creator and collector, and the company won’t charge any fees for posting or sharing NFTs. Collectors will also be able to share their NFTs as augmented reality stickers.
Adam Mosseri, Head of Instagram, previously said that Instagram is launching NFT features in part because of the growing creator economy.
“Now, we think one really interesting opportunity for a subset of creators is NFTs—the idea of owning a unique digital item,”Mosseri said in May
Meta did not respond to Decrypt’s request for comment on whether or when Facebook’s NFT features will go live to all users.