Will Facebook & Instagram allow users to create & sell NFTs? Is the hype real?

in LeoFinance4 months ago

It's been all over the news today, Facebook and Instagram have caught the NFT craze!

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All it needed to be all over the news, was an article at the Financial Times.

And it unleashed the NEWS Kraken!

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According to TechCrunch:

The Financial Times’ sources claim Meta is developing ways to create, display and sell NFTs on Facebook and Instagram. The company’s Novi wallet technology would power much of the “supporting functionality,” one tipster said. Instagram is reportedly testing a way to showcase NFTs, while Meta is also said to be discussing a marketplace that would help you buy or sell these digital collectibles.

And this is not something entirely new for Facebook & Instagram.

It is only a month back, when Instagram's chief mentioned on an (dissapearing after 24h ) Instagram story that they are actively exploring the NFT space, right a few months after Zucherberg had mentioned about how the metaverse would support the digital goods' ownership.

source

Well, who would not be interested in this new industry that as per recent reports has surged to a $41 billion market in 2021?

If you ask my opinion (I will tell you even if you do not ask me :)), Zuckerberg is not so eager to release information unless they wish to create a real hype for a real thing. Do you remember their digital coin fiasco? I dont think they wish to relive that, so I am sure that all this info is deliberately released to the pubic. They do not wish to miss the revenue train, and who knows? Maybe this time they will do it right!


In case you are interested in making an NFT out of your Instagram posts, someone has already thought about it and .. has made it happen!

Check out my recent post about Clout.art. The platform that helps you sell or buy NFTs out of Instagram posts!

Check out my review & tutorial about clout.art here

Thoughts? Do you think that we are off to big news, soon?

Thanks for visiting!

Let's stay connected!

https://twitter.com/katerinaramm1

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I don't trust Facebook or Instagram's NFTs. It's similar to how the mainstream gaming community hates NFTs. There is so much criticism because we all know these companies just want to earn money. It won't be the NFTs we were expecting.

Posted Using LeoFinance Beta

Hi Katerina

I really don't like Zuckerberg so I kinda hope this fails as much as the coin did. I know that sounds bitter and twisted, but I really don't like the fact that they just monopolize things. Anyway, I suppose we'll have to wait and see what happens.

Have a good day.

Andy

haha, I wont disagree with that!
He's proven to be able to fail getting in this industry, so why not now again? :)
However the publicity, can only be good. Right?
!LUV your content - you know that :) Thanks for coming by and keep posting, I was looking for a recent post!


@katerinaramm(1/1) gave you LUV. H-E tools | connect | <><

Goodness gracious, everybody getting into NFTs now. Huh.

It seems we really need to be in the know!
thanks for coming by!


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It would be interesting to see how it all turns out. Many people want Mark to fail LOl

I think the haven't been really straightforward with the public. . Too many hidden things .