Instagram Begins Incorporating NFT Features This Week GA S REGULAR Menu Lifewire Tech for Humans Newsletter! Search Close GO News > Social Media
Instagram Begins Incorporating NFT Features This Week
And coming soon to Facebook
By Lawrence Bonk Lawrence Bonk News Reporter Florida State University Lawrence Bonk is a tech news reporter for Lifewire, specializing in gaming, AI, VR, and consumer tech, including iOS, macOS, wearables, and more. lifewire's editorial guidelines Published on May 9, 2022 03:11PM EDT Fact checked by Jerri Ledford Fact checked by Jerri Ledford Western Kentucky University Gulf Coast Community College Jerri L. Ledford has been writing, editing, and fact-checking tech stories since 1994. Her work has appeared in Computerworld, PC Magazine, Information Today, and many others. lifewire's fact checking process Tweet Share Email Tweet Share Email Social Media Mobile Phones Internet & Security Computers & Tablets Smart Life Home Theater & Entertainment Software & Apps Social Media Streaming Gaming If you like your tokens, uh, non-fungible, then keep an eye on Instagram this week, as the social media giant is rolling out a unique feature set. Instagram will begin incorporating features specific to NFT adopters any day now, as revealed in an official interview with CEO Mark Zuckerberg. What does this mean exactly? Certain US-based Instagram users will receive the ability to display NFTs on their feed, and in their stories and messages. Souvik Banerjee / Unsplash These details are available to other users by looking at profiles and posts, as NFTs are displayed similarly to products and other tagged profiles. Clicking on the NFT tag leads you to details regarding the creator of the digital item and its current owner. This information will also be displayed in a new field called "digital collectibles." Instagram head Adam Mosseri confirmed the move in a tweet and video posted today, in which he noted that the company is starting slow so they can gather information from the community of users. Mosseri also noted that the service would be free for now, with no fees associated with posting or sharing a digital collectible on Instagram, though he did not say when these features would roll out to a larger audience. As for Facebook, Zuckerberg said that similar features will be rolling out to the platform, but did not offer a timetable. He did say, however, that Facebook and Instagram would be leveraging the power of their Spark AR platform to allow users to create and distribute augmented reality NFTs. NFTs are in something of a slump these past few weeks, though, as news began leaking via the Wall Street Journal and other platforms that sales of these digital items declined more than 90 percent since September of last year. Was this page helpful? Thanks for letting us know! Get the Latest Tech News Delivered Every Day Subscribe Tell us why! Other Not enough details Hard to understand Submit More from Lifewire How to Share a Facebook Post to Instagram What Is Instagram, and Why Should You Be Using It? The 8 Best Facebook Alternatives in 2022 How to Use Instagram How to Get on the Instagram Explore Page The Best Time to Post on Instagram in 2022 How to Check Messages on Instagram Instagram Stories vs. Snapchat Stories How to Connect Instagram to Facebook How to Post to Instagram From a Mac or PC Is Myspace Dead or Does It Still Exist? How to Delete a Comment on Instagram How to Schedule Instagram Posts 10 Things You Should Definitely Be Doing on Instagram The 8 Best Digital Photo Frames, Tested by Lifewire How to Change Your Instagram Name Newsletter Sign Up Newsletter Sign Up Newsletter Sign Up Newsletter Sign Up Newsletter Sign Up By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Cookies Settings Accept All Cookies