The social network Instagram announced its plans to integrate non-fungible tokens (NFT) through a pilot test that will be carried out with a small group of users in the United States in order to experience the new functionalities of the platform.
The purpose is for the social network to admit assets from the main networks where NFTs are found, such as Ethereum, Polygon, Solana and Flow. If the test yields favorable results, it will be extended to other countries.
Platform users will be able to connect with the main digital asset wallets and link them to their social network profile.
The network warns that the assets will not leave the wallet “a smart contract will simply be used to recognize the ownership of the NFT and thus be able to publish it”, which rules out, in the first instance, the trading of NFTs through Instagram.
The idea of trading assets through the social network “is very interesting, but at the moment the administration does not seem to take it into account.” Instagram reported that it will not charge any tax or fee to its users for sharing or posting their NFTs.
Meta has been very secretive with the information about this new platform initiative and the timing of the pilot test and the scope it may have are unknown. It is assumed that due to the existing regulations in the different countries, its global application is not very feasible.
As Meta is known, it is currently the company most linked to the metaverse and also owns the social networks with the most users in the world. Initiating the link between the networks and the metaverse is a major step forward into the future.
M. Rodríguez
Source: bitcoin.es
