- Instagram users will soon be able to mint and sell the polygon powerd NFTs.
- In May, Meta began testing the Instagram collectibles features by allowing some US users to share their NFTs.
Instagram has announced that users will soon be able to site, mint, showcase, and sell digital collectibles like Non-Fungible-Tokens (NFTs) on the Polygon network, giving creators a new way to commercialize their creatives and also helping them to interact with their fan bases.
Meta, the company that owns Instagram, announced today that it will test out these new features with a select group of creators in the United States before rolling them out to more people and nations. Additionally, Instagram intends to incorporate capabilities that can be used from beginning to end. From creating, and starting on the polygon blockchain, to promoting, and selling on, and away from the social media platform
.@Meta has selected @0xpolygon for minting digital collectables 🧑🎨
— Polygon – MATIC 💜 (@0xPolygon) November 2, 2022
For the 1st time ever, @Meta is empowering creators to mint & sell @0xpolygon powered digital collectibles on & off @instagram 🙌🏿 pic.twitter.com/1QmXt8rt4E
Polygon NFTs Minted Soon On Instagram
Meta began testing the collectibles features on Instagram in May by allowing some US creators to share that they had created or purchased NFTs. And in late September, it expanded to 100 more countries, enabling everyone in the United States on Facebook and Instagram to connect their wallets, share their NFTs, and instantly tag the creators and collectors without paying any network fees.
NFTs provide new possibilities for artists to secure financing by utilizing their social influence. Additionally, by collecting the audience’s preferred NFTs, they will win over support. NFTs have also become more well-known since last year. Reddit reports that over 3 million users have set up blockchain accounts to buy NFT collectible polygon-related avatars. Meta has partnered with numerous global companies and selected the polygon as its point of entry to web 3.
Polygon co-founder Sandeep Nailwal said that
The adoption of verifiable digital ownership on a platform with this much reach will help us progress our goal of onboarding the next billion users to Web3, and this move traces a significant turning point in the development of Instagram’s current NFT functionality. The value added to the creator economy is unmatched.
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