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Topic: Will NFTs be available on Instagram soon? (Read 362 times)

newbie
Activity: 34
Merit: 0
March 27, 2022, 01:37:56 AM
#50
In a conversation at SXSW, Mark Zuckerberg announced that his company plans to introduce NFTs into Instagram in the “near term.” While the Meta CEO and founder didn’t offer a ton of detail, he characterized the integration of non-fungible tokens into the company’s photo and video sharing app as something on the way once the Instagram team works out some of the technical challenges.

Actually Meta wants you to mint in the metaverse.
sr. member
Activity: 1610
Merit: 294
www.licx.io
If I'm not mistaken there were press releases from Meta, Facebook, and Instagram stating that they wanted to allow their users to buy and trade NFT there, after the news that the Bank of Russia wanted to ban crypto mining & trading https://prnt.sc/7h2qrhJY5uY6. My opinion is that this is awesome and will be available soon. This signifies that the golden period of NFT has begun, and the support of other parties like https://prnt.sc/Q1noNuVvfMua is also coming. The NFT world is still healthier, in my opinion, if the NFT moves independently depending on the fundamentals of each NFT.
sr. member
Activity: 1246
Merit: 252
Yeah I don't think that's possible either
Instagram is indeed a popular medium and is used by many people but recognizing them on NFT through Instagram media I think it's just a waste of time because other NFTs will be born that imitate this NFT just to get their benefit and spam will occur because they create and upload it  freely and publicly.
Let's see if this can actually happen to Instagram, because so far NFT has started a lot of uncontrolled spam so that it can pollute the good name of Instagram which is also very popular even though it is not in the crypto space.
And in general I'm also not very fond of NFT at this point although I still use Instagram a lot on a daily basis.
full member
Activity: 686
Merit: 100
It's interesting because he's mentioned the possibility of actually minting the NFTs, which is quite different to what twitter is supporting right now which is simply a verified status of the NFT holders.

I think that this could be a great move, although obviously the reputation of Meta is not the best.

Web2 companies are now desperately trying to move towards Web3 as fast as they can, because they understand that being slow will leave them behind and hit their future growth prospects HARD.
Well, the truth is that I don't see that everything related to NFT will be possible soon on Instagram, not at least until everything related to NFT is launched, if this happens, it is likely that it will, just for the simple reason that NFTs do not have very good reputation for everything that happened in 2021, however NFTs have been getting ahead thanks to platforms in casinos like Rollbit that have made them believe in NFT again, but of course it is different because all the responsibility that arises is assumed by the platform, and this is something else, because trust increases and since they have a high reputation in the forum, customers believe in them much more. But for now it is very difficult for us to see NFT on Instagram, at least that is my perception.


I'm sure it's still too far. what will be the goal of Instagram with NFT? become a marketplace? wouldn't that be a shift from social media to an NFT trading marketplace? if possible. it could just be a trash can holding the NFT of anyone who freely creates and uploads it.

Yeah I don't think that's possible either
Instagram is indeed a popular medium and is used by many people but recognizing them on NFT through Instagram media I think it's just a waste of time because other NFTs will be born that imitate this NFT just to get their benefit and spam will occur because they create and upload it  freely and publicly.
hero member
Activity: 1680
Merit: 506
Trphy.io
I'm sure it's still too far. what will be the goal of Instagram with NFT? become a marketplace? wouldn't that be a shift from social media to an NFT trading marketplace? if possible. it could just be a trash can holding the NFT of anyone who freely creates and uploads it.
For me this is new news for Instagram because basically I also don't think that Instagram will put itself into NFT at this time because there are so many people who use Instagram for all purposes and it also makes Instagram more popular without having to venture into like NFT.
full member
Activity: 1022
Merit: 100
Meta4uStake.io
It's interesting because he's mentioned the possibility of actually minting the NFTs, which is quite different to what twitter is supporting right now which is simply a verified status of the NFT holders.

I think that this could be a great move, although obviously the reputation of Meta is not the best.

Web2 companies are now desperately trying to move towards Web3 as fast as they can, because they understand that being slow will leave them behind and hit their future growth prospects HARD.
Well, the truth is that I don't see that everything related to NFT will be possible soon on Instagram, not at least until everything related to NFT is launched, if this happens, it is likely that it will, just for the simple reason that NFTs do not have very good reputation for everything that happened in 2021, however NFTs have been getting ahead thanks to platforms in casinos like Rollbit that have made them believe in NFT again, but of course it is different because all the responsibility that arises is assumed by the platform, and this is something else, because trust increases and since they have a high reputation in the forum, customers believe in them much more. But for now it is very difficult for us to see NFT on Instagram, at least that is my perception.


I'm sure it's still too far. what will be the goal of Instagram with NFT? become a marketplace? wouldn't that be a shift from social media to an NFT trading marketplace? if possible. it could just be a trash can holding the NFT of anyone who freely creates and uploads it.
legendary
Activity: 2548
Merit: 1873
Leading Crypto Sports Betting & Casino Platform
It's interesting because he's mentioned the possibility of actually minting the NFTs, which is quite different to what twitter is supporting right now which is simply a verified status of the NFT holders.

I think that this could be a great move, although obviously the reputation of Meta is not the best.

Web2 companies are now desperately trying to move towards Web3 as fast as they can, because they understand that being slow will leave them behind and hit their future growth prospects HARD.
Well, the truth is that I don't see that everything related to NFT will be possible soon on Instagram, not at least until everything related to NFT is launched, if this happens, it is likely that it will, just for the simple reason that NFTs do not have very good reputation for everything that happened in 2021, however NFTs have been getting ahead thanks to platforms in casinos like Rollbit that have made them believe in NFT again, but of course it is different because all the responsibility that arises is assumed by the platform, and this is something else, because trust increases and since they have a high reputation in the forum, customers believe in them much more. But for now it is very difficult for us to see NFT on Instagram, at least that is my perception.

hero member
Activity: 1526
Merit: 596
It's interesting because he's mentioned the possibility of actually minting the NFTs, which is quite different to what twitter is supporting right now which is simply a verified status of the NFT holders.

I think that this could be a great move, although obviously the reputation of Meta is not the best.

Web2 companies are now desperately trying to move towards Web3 as fast as they can, because they understand that being slow will leave them behind and hit their future growth prospects HARD.
hero member
Activity: 2170
Merit: 530
Even if this is a smart move, I believe it is already too late to get into NFT trend. I feel like the hype around it is melting. We no longer hear and see shocking news how someone spend thousands or millions on a rare NFT. We only see how everyone turn their projects into NFT marketplaces or implement NFT system in their project. Or we see how someone lost a lot of money by accidental mistype when creating sell offer.

Yes I think I would going to agree with your statement mage that the hype of NFT is melting now. I mean this kind of implementation of instagram that Mark Zuckerberg is implementing is kind of late. I don't know if this man is just trying to revive the hype or it is just his way to introduce to evey ordinary people about his meta projects. Well, let's see if this one will be implemented and let's see how ordinary people will going to accept it.
legendary
Activity: 2436
Merit: 1207
Even if this is a smart move, I believe it is already too late to get into NFT trend. I feel like the hype around it is melting. We no longer hear and see shocking news how someone spend thousands or millions on a rare NFT. We only see how everyone turn their projects into NFT marketplaces or implement NFT system in their project. Or we see how someone lost a lot of money by accidental mistype when creating sell offer.
member
Activity: 504
Merit: 14
I know Who I AM
So now they are thinking new ways to milk there users other then Advertising business. And with there Gigantic Following, they could easily get lot of attention and will secure a good spot in NFT market too.
There start with Instagram will follow Facebook and then other platform too.
Personally I think It a wise move by Mark to introduce NFTs into social network. Let's See how things go.
full member
Activity: 2086
Merit: 193
~
Well considering how NFTs are being perceived by the many, I can imagine that majority portion of the Instagram would be just a marketplace now, lol. It's been a while since I heard from Zuckerberg lol.

What happened to their previous project anyway? Libra? Diem? I heard that it just died out or cancelled.
They changed their direction and moves toward the Metaverse, now that they announced NFTs on instagram, we can expect more good projects to come and a big support towards NFT. This is a big adoption so far, if they successfully introduce NFT on their big platform, that’s a good signal for the pump.
There are still in talk with this so expect a delay but hoping that this one will push through and no more government intervention so they can finally adopt cryptocurrency especially with NFTs. There’s a big user for Instagram and if NFTs are being posted and exposed their, that could be a good exposure and we can really expect that pump since for sure many big companies will also adopt.
full member
Activity: 2128
Merit: 180
~
Well considering how NFTs are being perceived by the many, I can imagine that majority portion of the Instagram would be just a marketplace now, lol. It's been a while since I heard from Zuckerberg lol.

What happened to their previous project anyway? Libra? Diem? I heard that it just died out or cancelled.
They changed their direction and moves toward the Metaverse, now that they announced NFTs on instagram, we can expect more good projects to come and a big support towards NFT. This is a big adoption so far, if they successfully introduce NFT on their big platform, that’s a good signal for the pump.
legendary
Activity: 2282
Merit: 1023
~
Well considering how NFTs are being perceived by the many, I can imagine that majority portion of the Instagram would be just a marketplace now, lol. It's been a while since I heard from Zuckerberg lol.

What happened to their previous project anyway? Libra? Diem? I heard that it just died out or cancelled.
Their plan on coming up with their version of digital country just died and i would say that they spent a lot of money and time thinking that they could revolutionize the market instead of using a decentralize coin that is already in the market and i would say that is their biggest failure and now they are planning to launch NFT on Instagram and lets see how they are planning to follow the hype. 
sr. member
Activity: 1596
Merit: 264
~
Well considering how NFTs are being perceived by the many, I can imagine that majority portion of the Instagram would be just a marketplace now, lol. It's been a while since I heard from Zuckerberg lol.

What happened to their previous project anyway? Libra? Diem? I heard that it just died out or cancelled.
legendary
Activity: 1932
Merit: 1273
Meta embracing NFTs is expected. The Metaverse motives and Twitter already have been implemented NFT should poke Meta about their next move. And here we are, seeing it will be available soon. Even though I don't know exactly how their NFT mints platform gonna works--wether they implemented it themselves or outsourced it to another NFT marketplace, it will be interesting to see.
For now we do just speculate if they would implement out for themselves but i do have a doubt that it would be tagged up into another nft marketplace but lets see if they would really be doing something different.
~
I remember Mark saying on some podcast that interoperability is an essential thing for their Metaverse goals, so, someway integrating various of other NFT marketplaces may like the choices, the differences is I believe due to the legal nature of the company, Meta will strictly maintain or manage of how their NFT platform going to be, surely they don't want to display like a copycat or anything that lawfully prohibited or against their community guidelines. Pretty much make it centralized.
sr. member
Activity: 1330
Merit: 257
DGbet.fun - Crypto Sportsbook
one thing that is extraordinary for meta groups, where we know NFT is a work of art
And on Instagram, focusing on photo art has its beginnings.
but we can't speculate that high before mark publish it, afraid like a libra that has become the talk and disappeared,
hero member
Activity: 1764
Merit: 696
[Nope]No hype delivers more than hope
Due to the familiar use of Instagram, perhaps the cultivation of NFT technology will attract many new NFT artists quickly because of the abundance of Instagram users for many years. Although the last few years Zuck's company has had a lot of problems with regulation, I hope this time it will work in a fully decentralized manner to maintain the integrity of the uncensored blockchain.
legendary
Activity: 2436
Merit: 1207
Instead of adding NFT, I think it will be a good solution to start accepting Bitcoin or crypto for in-app promotion. Or create inside Instagram own payment system, as a lot of people use Instagram as a marketplace, or create shops there. It will be more convenient to tap on a picture with goods and buy them, then start conversation with seller, be redirected to web shop or get a link to perform payment (a link which sometimes is used to scam buyer).
sr. member
Activity: 1918
Merit: 256
Just.bet - Decentralized On-chain Casino
NFT is indeed a good tool for business owners or application owners to develop this NFT concept.
So far, NFT is so loved by many people, it's no wonder that Mark Zuckerberg will soon release NFT on his application.
Although it has not been proven at this time, but it is good news for twitter users.
But there is no clarity here, whether NFT is NFT from Instagram or they will create some kind of NFT market on Instagram.
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