Meta has opened the door for creators to sell NFTs on Instagram, officially making the platform an NFT marketplace. The social media giant has begun to roll out the necessary features to facilitate the buying and selling of digital collectibles.
For now, these features are accessible to only a select group of creators, with many more likely to be onboarded in the coming weeks. The lucky pioneers of Instagram NFTs include Amber Vittoria, Olive Allen, Eric Rubens, Jason Seife, Sara Baumann, IIse Valfre, Refik Anadol, Vinnie Hager, Dave Krugman, and Isaac ‘Drift’ Wright.
No Gas Fees For Creators And Collectors On Instagram NFT Marketplace
Speaking to a reputable NFT outlet, Christine Pai, Meta Spokesperson, noted that there won’t be gas fees paid by creators or collectors when a purchase is made, at least at the start, but this might change with time.
The green light comes a year after Facebook changed its name to Meta to focus on the upcoming Web3 revolution. The company has been lucky enough to become one of the main entities within Web2 and is in a race to establish itself on the metaverse front.
This year alone, Meta has made significant strides towards its goal by integrating NFTs on two of its social media platforms, Facebook and Instagram. There was speculation that the company even planned to allow users of these platforms to create, display, and sell NFTs.