Instagram is set to move its company off of the Ethereum blockchain and onto a multi-chain platform. With an initial focus on NFTs, Instagram will also explore how this new technology can improve content viewing experiences, reduce fraud risk for advertisers and artists by creating more trust in digital assets.,
Instagram is preparing to pilot NFT integration. The Instagram app will be the first social media platform to integrate a multi-chain solution.
Instagram, the all-encompassing photo-sharing platform, has announced that it would become multi-chain as it starts its love affair with the non-fungible. As a result, the Ethereum, Polygon, Solana, and Flow blockchains are supported on its platform.
The first incarnation of Instagram’s NFT journey will be available as a restricted pilot soon. However, they will first limit this to a small number of NFT enthusiasts in the United States. As a consequence, users will be able to promote and market their non-fungibles to the general public, as well as tag the designers who created the original designs.
According to a source, Instagram’s pilot for non-fungible tokens might be launched TODAY.
Find out who gets access first — and which blockchains will be supported — at https://t.co/7JYF4ShGxy.
May 9, 2022 — CoinMarketCap (@CoinMarketCap)
In addition, unlike its social media competitor, Twitter, Instagram will not charge for its service. As a consequence, customers may start their NFT adventure without having to pay a monthly membership fee. As a result, we’ll keep supporting the digital art community in their creative endeavors.
Following the experiment, team Zuckerberg, dubbed ‘Meta,’ has suggested that NFTs would be implemented throughout the company’s other significant assets. Most significantly, Facebook, the social media echo chamber, will investigate group membership and minting.
The “sources instagram nft ethereum flow monday” is a news article that discusses how Instagram is preparing to integrate NFTs into their platform. This will allow users to buy, sell, and trade in-app items.
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