Instagram’s Chief Adam Mosseri Stated that the Company is Looking into NFTs

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Key Takeaways:

  •  Instagram’s Chief Adam Mosseri stated that the company is looking into NFTs.
  • “Nothing to announce yet, but we are actively exploring NFTs and how we can make them more accessible to a broader audience,” Mosseri stated in an Instagram Q&A posted to his Stories in response to a question about his ideas on integrating NFTs into Instagram.
Instagram'S Chief Adam Mosseri Stated That The Company Is Looking Into Nfts
Instagram’s Chief Adam Mosseri Stated that the Company is Looking into NFTs

According to Chief Adam Mosseri, Instagram is currently investigating non-fungible tokens (NFTs) and how the platform might make them more accessible.

Instagram’s CEO, Adam Mosseri, used the “storey” feature earlier today to predict a bright future for NFTs on the worldwide popular social media platform.

“Nothing to announce yet, but we are definitely actively exploring NFTs and how we can make them more accessible to a broader audience,” Mosseri stated in an Instagram Q&A posted to his Stories in response to a question about his ideas on integrating NFTs into Instagram.

While he didn’t make any official pronouncements about NFTs, he did say that Instagram’s goal is to make the tokenized realm more approachable to the general public. He also mentioned that Instagram is attempting to assist its producers through NFTs.

“I think it is an interesting place that we can play and also a way to hopefully help creators,” he added.

Earlier this year, there were rumours that the Meta-owned photo-sharing app was working with NFTs. In July, app developer Alessandro Paluzzi said that Instagram was considering developing its own non-fungible tokens as part of its Collectibles project.

According to Paluzzi’s tweets, Instagram posts offering NFTs may have a “Collectible” label to inform users about the NFT they purchased. This data, however, had not been validated by the platform

Aadrika Sharma
Aadrika Sharma

I enjoy writing and try to learn new things every passing day!

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