Facebook, the most used social network, is open to the idea of testing NFTs with a selected group of U.S-based creators on its platform. This development will increase the NFT’s awareness among users, aiming to capture the metaverse industry.
Meta successfully supported NFTs on Instagram in May, and the giant company plans to do the same for Facebook. This comes after the week CEO Mark Zuckerberg made the plan public.
Zuckerberg added that the company is looking into augmented reality NFTs and 3D NFTs using the Spark AR software program.
According to a Meta employee, the company has started a slow rollout that allows a select group of creators in the United States to post digital collectibles on Facebook. With this feature, these creators will be able to show off NFTs on their profiles under a new tab, and the art will have a “digital collectibles” label — just like Instagram.
Navdeep Singh, a product manager at Meta, shared screenshots of the digital collectibles support. According to the screenshots, you can post NFTs on your timeline and clicking on them will show you details about the digital collection and its creator.
Meta’s Previous Support for NFTs on Instagram
NFTs minted via Ethereum and Polygon were supported at the Instagram launch, with Solana and Flow support in the works. However, it is uncertain that Meta will use the identical blockchains supported on Facebook.
Last week, Meta expanded its NFT test on Instagram to allow more creators worldwide to display their NFTs on Instagram. Before the expansion, the support was only available to select creators in the United States.
The giant company also added that there wouldn’t be any fees associated with posting or sharing a digital collectible. In addition, it won’t offer the ability to turn digital collectable posts into ads for now.