Will NFTs be available on Instagram soon? - page 2.

noormcs5

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Quote from: X-ray on March 16, 2022, 06:35:55 PM

Anything that already said by mark zuckerberg and im sure that will be going to happen soon. As the owner and instagram will be adding NFT feature soon. Im sure that if this will come very soon. This is interesting to see how it will be working.
This is a sense thing to happen with instagram. The NFT feature will be making anyone would be able to convert their photos into the NFT instantly i meant minted their photos to be converted into the NFT. 'We know that if instagram was a very big social media this time. I will not doubt if this is not another BS from mark. He was also feeling interesting with NFT

Instagram is a photo orientated platform and it make sense to integrate it with the NFT Blockchain. Mark Zuckerberg is an innovate person and he always bring interesting updates to his social media apps and platforms.
NFT is the future and I can see some interesting projects being developed using this technology.

ardydyon

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Instagram is a very popular social media platform. many people who definitely use this instagram.
By being able to print your own NFT on Instagram, of course, it will be easier for people to see it because there are so many Instagram users
Of course it will be easy to access. I hope this is true because with Instagram participating in the NFT world will make the NFT market even bigger
but the problem is that the blockchain system does not work according to its concept which is not centralized but scattered. for market expansion nft instagram is the right way

shinratensei_

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Glad to see this. My friends are active Instagram users and they do not even know about crypto. NFT will make them realize if there was a thing called crypto as a revolution in the economic system as it was bringing the decentralized economic system. Let's see how effective this feature is and how many Instagram users will be using this feature then we can use it to determine how good the popularity of crypto among the Instagram users. It seems like all of the companies owned by meta will be fully supporting the new trend in the crypto like metaverse and NFTs. This is really good. We know that meta was a major company

Psynthax

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instagram honestly is a great platform, i’ve seen a lot of artists that are always showing off their arts in that platform and many of them are awesome arts that I think could have great potential if being minted as NFT and put in the opensea.
regardless of that, this also could means that the company behind the platform, have no choice but forcing themselves in the trend of NFT and maybe any other cryptocurrency technology.
they seems have figured out the real potential of this technology and think that instead of fighting it they should just use it in their advantage instead, after all company like meta always prefer the idea of having their own centralized version of things.
This sounds good to be user as a massive marketing for the NFT.

bitgolden

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By the looks of it, we are not really going to get anything that would be beneficial to crypto if instagram somehow added those. I mean you can still post them obviously but anyone can, the way twitter does it should be a bit different though, where it provides proof of ownership as well. In that case a bit of NFT owners would be happy about it, but that's all.

I do not think that it could have any type of impact on general crypto at all. NFT world could see a spike for a small time but that's about it, even they would go down eventually when people realize that is not a big deal. A proper utility to use them would be a lot better for the long term.

LastKiss

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If this really happens then NFT will be booming more and more, more users will be able to use limited NFT for their profile picture. I can't wait how Mark will make Instagram able to mint an NFT and what the effect of it on the crypto space because a lot of industries more accept to NFT trend right now. Let's just wait for coming months and see what happen

hugeblack

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If this happens, I expect everything to be centralized or to work just like Opensea site, provided that the user can buy centrally using USD or Cryptocurrencies, and then withdraw to the wallet.

I don't expect Instagram to accept Ethereum as a currency but rather to buy NFTs with it (too good if this happen.)

Generally it will be centralized, distorted and represents the possibility of selling digital products for dollars and will not be like existing tokens.
Therefore, it will be an additional means of promotion for creators to use the platform, especially with the intense competition from TikTok and Snapchat.

Bitstar_coin

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NFT coming to Instagram! that's quite some news for the already hyped nft space, with the millions of users on that platform it will create a huge impact on the nft trend. The information is very short but am just wondering what it is going to be, how users will be able to utilize the nft features to their advantage (if it will be accessible to all users). On the other hand, i hope it won't open a flood gate of nft into the market, although no further details have been shared but it just make me wonder.

asriloni

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It seems like all of platforms under meta foundation will be integrated with NFT, mark was doing this to make sure if its foundation will be one step ahead compared with the another cryptocurrency.I think that what's app will have the same feature like that once Instagram will be successfully integrating its NFT into the platform, NFT will become so big and this will be also giving direct impact to the metaverse as well.
I'm supporting this idea too. This will make crypto become even more famous among the Instagram users.
I just wanna see how the reaction from the Instagram users after it already implemented

bakasabo

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What will be the purpose of NFTs on Instagram? Convert user uploaded pictures and videos into NFT and trade on marketplace (no doubt that it will be their own marketplace)? That might a good idea. Popular people can sell their unique photo to fans. Unique photo as an NFT, that only NFT owner can see. That will turn Instagram into OnlyFans. Which is bad, as NFT buyers will expect to get adult content, which is prohibited on Instagram. It will go across Instagram policy.

sherry5997

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They're hiring people for the Metaverse Division, job posted 23h ago: https://www.linkedin.com/jobs/view/2968782172/

Kemarit

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Why not? Instagram is one of the biggest social media right now and with the current hype of NFT still very high, then it's just a matter of time before they to ride on the bandwagon of NFT.

And if this happens, then it's going to be huge for the market again, when we thought that the NFT is slowing down, this news might bring it to the eyes of investors and crypto enthusiast again.

batang_bitcoin

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Quote from: macson on March 16, 2022, 06:55:37 PM

Quote from: batang_bitcoin on March 16, 2022, 06:47:09 PM

I think I've read it from Mark himself that he should have not announced it but gave some hint that they're really working on it. Well, a nice developing feature that would make everyone use instagram.
I don't use instagram and maybe that will make me use it in the future after observing those who are making a good run with making their NFTs through the platform. Who knows? but this is an interesting feature to wait for.

pretty good news....Mark must have realized that NFT still has a large market to dominate, besides that NFT can make Instagram more attractive and maybe it can bring crypto adoption closer. if want to start it then mark must sell NFT which is circulated soon on Instagram at a low price.

AFAIK, he's aware of bitcoin and cryptocurrencies since a few years ago but he didn't shown it to the public. As a matter of fact, IIRC the name of his pet was bitcoin or close to that.
I guess that he just seen the disruption of NFT in technology and that's where he's going to focus more rather than with the application and adoption of cryptocurrencies on the platforms that he owns.

husdemba

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Mark Zuckerberg created the idea for Metaverse and should therefore support it. We can see a news about Instagram and NFT. Some people may not believe in NFTs, but the idea can come as a surprise Undecided

danherbias07

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Maybe they are all set that's why he could boast it that loud and not just give us hints of what they are working with.
The only question left is when they will release it. Perhaps what they should do now is make a step by step mechanics like what most NFT projects do.
Beta versions so that users who don't even have a single idea about it can join in.
I like what he is doing but it could lead to something bad if done wrong, it's better to prepare everyone who uses the application first.

cryptoaddictchie

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Could be especially it was said by Mark. We all knew that he is a tech genius and a big fish out there. Probably they are gonna make a solid entrance on metaverse and nft industry. But Im also sure this will escalate criticism towards him. Mark has a lot of haters and we can be sure that this will be a long time debate either on authority and government.

yazher

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Quote from: vv181 on March 16, 2022, 04:47:46 PM

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.

They just don't want to be left behind because if they do so, they will lose some profit due to their late action with the current NFT trends. We will see them one after another putting some NFT items on their social media platform and it will be a good thing for the metaverse as well since it is being recognized across the social media which is the best thing you could ask for if you own some expensive NFT because it would further increase its price once everyone is talking about NFTs.

Findingnemo

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But what is the point of it? How those NFTs will get value and on what blockchain they will run? Guess it will be on their own with zero demand and unlimited supply. Grin

Or facebook is going to launch their own marketplace platform where they are going to act as middle person like ebay?

Too much of questions!

adzino

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NFTs on centralized platform. At least they will help spread the word and more people will know about NFTs. This is probably going to be the part of the facebook Metaverse. But haven't been hearing much about the metaverse, other than lots of criticism.
Wondering is it going to be like a market place where users can buy the NFT version of the users posts? Based on how they failed on the past making their own coin Libra, let's see how well this one goes.

sheenshane

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That's good news since these social media that are owned by Zuckerberg have good traffic was good to spread the NFTs projects which are people and also easy to spread the digital art. This was already attempted to launch in 2019 but it was not that successful they are, this was the second attempt at Meta to push metaverse development related.

We hope that there's a good development these two big companies regarding this announcement since they had the same owner who looks forward to these NFTs continuing spreading on their platform.

Topic: Will NFTs be available on Instagram soon? - page 2. (Read 362 times)