NFTs are becoming increasingly popular with every passing year. They have been adopted by lots of corporations all around the world as the best solution to help solve the artist’s rights protection problem as well as support lots of beginner creators on their art journey.
It has also been used by many celebrities as a way to help their fans communicate with them and give them a chance to support their favorite actor or sportsman. It has also been used as a great marketing tool by lots of luxury clothing and car brands to increase brand-awareness and gain extra revenue.
The new NFT selling feature
Meta company was not an exception and also decided to follow this trend. One of its most famous services, Instagram, is going to introduce an in-build NFT marketplace and start supporting crypto transactions within the service system.
According to Meta’s most recent press release, the company is intended to grow the cryptocurrency ecosystem. Several content makers within Instagram have already received this feature. But the Meta engineering team plans to soon make the function available to every other creator in any country in the world as well.
Functions available right now
Currently, the platform users can display fees data from OpenSea, according to Meta, who also noted that the support for the Solana Phantom wallet has started.
The creator community will be provided with a great system to make crypto transactions, purchases and all sorts of deals at ease and with a great mobility – far better than most well-known web services provide today.
This information was delivered to the public by Stephan Kasriel, the head of the financial and technological department of Meta corporation. His team is responsible for creating new technologically advanced products and incorporating the latest updates of web-3 into the company services.
The goal of Meta’s current plan of action is to support the livelihood of creators. Until 2024, the organization will not bill anything in the electronic collections market and is going to fulfill blockchain gas expenses. By registering, each user agrees to their Terms of Service and Privacy Policy.
Meta will also synchronize all data with Facebook profiles of the users.
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