Meta Might Be Developing Ways for Instagram and Facebook To Sell and Create NFTs

The next to hop on the NFT train.

NFT
1.2K 4 Comments
Save

Mark Zuckerberg and Meta might just be the next tech company to jump on the ever-growing NFT trend.

The Financial Times recently reported that Meta has been working on various ways to allow Facebook and Instagram to display, create and sell NFTs, specifically utilizing the tech company’s Novi wallet. Sources have also indicated that Meta is testing different ways to showcase NFTs in its own marketplace that would allow users to buy and sell these digital collectibles.

While there has not been any confirmation about its ventures into NFT, back in December 2021 Instagram’s Adam Mosseri has said that the company is “actively exploring” the digital collectibles world. It remains to be seen when Meta will launch an NFT-driven platform within Instagram and Facebook.

In case you missed it, Google is reportedly creating an AR headset.

Read Full Article
Text By
Share this article
Joyce Li
Joyce Li Editor

For over half a decade, Joyce Li has served as an Editor on Hypebeast's global team, leveraging profound industry insights to capture the zeitgeist. Through her editorial lens, she anticipates emerging trends while dedicating her platform to spotlighting those making the greatest impact on culture today. A storyteller first and foremost, she examines the cross-pollination of fashion, footwear, art, music, and sports. This intersectional approach has led to compelling interviews with industry-defining figures like LeBron James, Pharrell Williams, Tom Brady, NIGO, A$AP Rocky, KAWS, and more.

What to Read Next

“Instagzam?” Internet Reacts to Instagram’s Fresh New Text Logo
Tech & Gadgets

“Instagzam?” Internet Reacts to Instagram’s Fresh New Text Logo

Marking its first text-logo update since 2016, Instagram debuts a modernized hybrid wordmark blending cursive flow with structured print lettering.

Meta Agrees to $18 Billion USD Settlement Over Youth Social Media Addiction Claims
Tech & Gadgets

Meta Agrees to $18 Billion USD Settlement Over Youth Social Media Addiction Claims

The 10-year agreement with 52 state attorneys general introduces mandatory child-safety reforms on Instagram and Facebook.

Instagram's New "First Draft" Feature Automatically Trims and Edits Your Reels in Under 10 Seconds
Tech & Gadgets

Instagram's New "First Draft" Feature Automatically Trims and Edits Your Reels in Under 10 Seconds

Every automated edit remains reversible, with creators retaining full control over timelines, segments, music, and text overlays.
3 Sources


Instagram Plus Tests Stealth Story Views and 48-Hour Posts
Tech & Gadgets

Instagram Plus Tests Stealth Story Views and 48-Hour Posts

Meta’s experimental paid tier adds hidden Story viewing, extended uploads, and boosted visibility in select markets.
1 Sources

Paper Route EMPIRE Pays Tribute to Young Dolph in Compilation Album 'Long Live Young Dolph'
Music

Paper Route EMPIRE Pays Tribute to Young Dolph in Compilation Album 'Long Live Young Dolph'

Key Glock, Jay Fizzle and more remember the life and legacy of the late rapper.

A New Film Studio Is Coming to Space by 2024
Entertainment

A New Film Studio Is Coming to Space by 2024

Brought to you by the company co-producing Tom Cruise’s upcoming space film.

NBA YoungBoy Drops 20-Track Mixtape 'Colors'
Music

NBA YoungBoy Drops 20-Track Mixtape 'Colors'

Featuring a sole guest appearance from Quando Rondo.

M&M Debuts New Shapes for Its Iconic Chocolate Pieces
Food & Beverage

M&M Debuts New Shapes for Its Iconic Chocolate Pieces

The brand’s global commitment to creating an inclusive society.

Netflix Shares Plunged 20% After News of Slowing Subscriber Growth
Entertainment

Netflix Shares Plunged 20% After News of Slowing Subscriber Growth

Citing increased competition from other streamers as a major factor.

Porsche Taycan Revealed as Formula E Safety Car
Automotive

Porsche Taycan Revealed as Formula E Safety Car

Exterior paintwork displays colors of all 11 teams.


Netflix Teases 'Squid Game' Universe, Officially Confirms Season 2
Entertainment

Netflix Teases 'Squid Game' Universe, Officially Confirms Season 2

“The ‘Squid Game’ universe has just begun”

Indonesia Names Its New Capital City to Replace Sinking Jakarta
Travel

Indonesia Names Its New Capital City to Replace Sinking Jakarta

The move to Nusantara will cost roughly $32 billion USD and complete in 2045.

Robert Pattinson's 'The Batman' Will Reportedly Be Around Three Hours Long With Credits
Entertainment

Robert Pattinson's 'The Batman' Will Reportedly Be Around Three Hours Long With Credits

One of the longest superhero films ever.

The Nike ACG Air Mada Low Makes its Return in "Triple Black"
Footwear

The Nike ACG Air Mada Low Makes its Return in "Triple Black"

Originally introduced in 1994.

Pete Davidson Responds to Kanye West's "Eazy" Diss
Entertainment

Pete Davidson Responds to Kanye West's "Eazy" Diss

The comedian is reportedly taking it well.

Lonzo Ball Out for Six to Eight Weeks Due to Knee Surgery
Sports

Lonzo Ball Out for Six to Eight Weeks Due to Knee Surgery

The Chicago Bulls star could return just before the playoffs.

More ▾