Instagram may be the latest company to embrace NFTs, as more and more market buzz arises. If Instagram's integration of NFTs is put into practice, the number of people using NFTs can reach more than 1 billion.

The Crypto community has been excited ever since Instagram CEO Adam Mosseri hinted that the company might adopt NFTs in the future。

In interacting with users on its platform, Mosseri noted that Instagram is "actively exploring" NFT-related features.

“There is nothing to announce yet, but we will definitely be actively exploring NFTs and how to make NFTs more accessible to more users.”

Mosseri noted via his IG, "I think it's an interesting area that we can play around with and hopefully help creators。”

This isn't the first time the social media giant has been linked to NFTs. In June, Italian developer Allessandro Paluzzi tweeted that Instagram was developing "collectibles." He went on to share a screenshot of the feature and hinted that it will have the ability to connect to digital wallets like MetaMask.

The details revealed by Paluzzi have led many to believe that Instagram is ready to offer NFTs as part of its services to its users。

Artist Sean Williams claimed in May that Instagram had reached out to art creators in the NFT ecosystem to help it build an NFT platform.

NFT has become a hot word in 2021, and even became the word of the year in the "Collins Dictionary".

The NFT market soared above $2.5 billion in the first half of 2021 and shows no signs of slowing down. Yet with only $41 million worth of NFT transactions in all of 2018, this leap is notable.

Recently, Radioshack, a popular electronics specialty retailer, announced its entry into the NFT and DeFi space. Big brands such as CNN, The Times, Adidas and McDonald's have also entered the NFT market.

Instagram parent company Meta made a groundbreaking announcement in October, a high-profile foray into the Metaverse.

The original text comes from zycrypto, compiled and organized by Blockchain Knight, the English copyright belongs to the original author, please contact the editor for Chinese reprint.

The original text comes from zycrypto, compiled and organized by Blockchain Knight, the English copyright belongs to the original author, please contact the editor for Chinese reprint.