Instagram starts testing NFTs

Instagram will start testing NFT later this week, which will allow users to display their non-replaceable tokens on their profile. 

Mark Zuckerberg, the Instagram which also owns Meta, confirmed in March that NFTs will be available on Instagram. He didn't give any specifics at the time, but said that he was working on it and that NFTs could arrive on the platform in the near future.

Everything seems to be going according to plan, as the company will start testing NFTs this week with a small group of people who will be able to share their NFTs on their profiles, Stories and Messages by linking their profile to a compatible digital wallet. Instagram will initially support MetaMask, Rainbow and Trust Wallet wallets.

Instagram has stressed that NFTs will continue to be subject to the rules of the social networking site. The company is aware that irreplaceable tokens, like cryptocurrencies and other blockchain-based payment networks, can have a negative impact on the environment, and plans to offset the CO2 emissions from the production of digital artwork with renewable energy. from from Engadget. According to Mark Zuckerberg, similar features are coming soon to Facebook.

So-called NFTs (non-fungible tokens) have gained popularity worldwide in recent years, while the use of the technology in this form remains highly controversial. The essence of NFT is that a digital file (such as an image, a video or a meme) is ours alone on a given blockchain.