Meta founder Mark Zuckerberg addressed creators on Wednesday announcing that the parent company of Facebook and Instagram will begin testing the display of non-fungible tokens (NFTs) on Instagram Stories using its augmented reality platform named Spark AR. After launching an initial test of NFT display options on Instagram back in May, Meta is now expanding the test pool for the option, while it’s also planning to bring NFT display to Facebook as well, “starting with a small group of US creators.”
Speaking on the integration of NFTs into Meta’s apps, Zuckerberg said in a, “We’re expanding our test so more creators around the world can display their NFTs on Instagram.” The company also stated in an announcement, “Creators and collectors will be able to share their digital collectibles across and after we begin rolling out the feature on Facebook with select US creators at a later date.”
Zuckerberg had first mentioned the integration of NFTs on Instagram back in March which he followed upin May stating that the team at Meta had begun work on integrating digital collectibles for its metaverse and
Back in May, Zuckerberg had also stated that user’s part of test group will be able to postat no-cost by linking their third-party digital wallets in-app. The NFTs will get a special “shimmer” around the photo with attribution to both the creator and the owner.
The blockchain networks that are supported for the feature includeand with Flo wand Solana launching soon, a company spokesperson with The Block. Third-party wallets that’ll be compatible with the platform include Rainbow, and with Coinbase, Dapper and Phantom.
Earlier this week, Meta also announced it would join with other tech companies to create a metaverse standards body. The group intends to build the next version of the web and develop a shared ethos forand the metaverse. Some of the companies who joined the initiative include Adobe, Epic Games, Microsoft, Nvidia, and Qualcomm; Apple was noticeably missing from the pack.