instagram is said to be gearing up to add NFT feature on its app. app developer alessandro paluzzi took to Twitter To leak details. Instagram may bring its own non-fungible token as the platform is working on collectibles. Posts on Instagram that will offer NFTs may come with a label labeled “collectible” alerting users about NFTs on posts that can be purchased.
There’s no official word from Instagram yet, but it could be one of the fulfillment of a promise made by Instagram head Adam Mosseri, who said that creators would be able to make a living from Instagram.
recently posted by mosseri Video On Twitter and Instagram and said that Instagram is no longer just a photo sharing app. “At Instagram we are always trying to create new features that help you make the most of your experience. Right now we are focusing on four key areas: creators, video, shopping and messaging,” he said .
Mosseri says that Instagram is no longer a photo sharing or “square photo sharing” platform and that research says people use Instagram to “entertain”. Mosseri acknowledged that competition in this segment is tough. “TikTok is huge, YouTube is even bigger and there are a lot of upstarts in the space,” he said in the video. The head of Instagram said that in the coming months, users will see a lot of “experiments” for watching videos on Instagram.
If Instagram goes ahead with its plan to implement NFT features on the app, it could be the first major social media platform to do so and it could also give a big boost to NFTs.
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