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Like other social media platforms, Meta Platforms, Inc., introduced NFT (non-fungible token) market initiatives that saw record records and investor interest last year and earlier this year. Meta had started testing NFTs on Instagram, and Facebook will follow soon.
A Meta spokesman reportedly confirmed to TechCrunch on Thursday that some creators in the USA could post and display “digital collections” – the Meta name for NFTs – on their profile as part of a slow release.
In addition, Navdeep Singh, product manager for Meta product technology posted a picture on Twitter showing what the interface of Facebook users communicating with NFT can look like. The image showed how Facebook users can post, store, and browse in digital collections.
However, Meta has not yet sent an official announcement about the launch of NFTs on Facebook to all users.
“Creators and collectors will be able to share their digital collections across Facebook and Instagram after we begin releasing this feature on Facebook with selected American creators later,” the Meta release said on June 22.
The news comes at a time when the bear market is cracking down on cryptocurrencies, dragging NFT trading volumes down with it.