Facebook And Instagram Reportedly Planning To Make And Sell NFTs
NFTs are all the rage these days so when a written report from the Financial Times (paywall) claims that apparently both Facebook and Instagram are planning on making, showcasing, and selling their own NFTs, we tin can't say that we were likewise surprised.
Likewise, given that when Meta'southward CEO Mark Zuckerberg announced the company'due south rebranding and spoke almost the metaverse, he likewise revealed that it would support the "ownership of digital goods or NFTs", and so this study seems to be in line with the visitor's plan and strategy for the future.
Not much is known yet about Facebook and Instagram's plans equally information technology is said to be in the early on stages of planning and that things could even so alter, but apparently one of the changes could exist where users could display their NFTs every bit their profile pictures.
For those unfamiliar, NFTs are substantially digital assets where ownership of an NFT is recorded in the blockchain (the same tech behind crypto). Some might wonder, what's stopping users from correct-clicking and saving an NFT on the web to their computer? Essentially naught, simply what NFTs practise is that they act every bit a receipt of sorts to your ownership claims, meaning that you could use information technology to evidence you indeed ain the NFT and get it taken down from sites that are reposting it.
Nevertheless, there is the question of enforcement, so if a company as big as Facebook or Instagram were to outset enforcing NFT ownership claims, it could lend an air of legitimacy to it.
Filed in . Read more than nigh Facebook, Instagram and Nft. Source: theverge
Source: https://www.ubergizmo.com/2022/01/facebook-instagram-make-and-sell-nfts/
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