Facebook Has Started Testing Ethereum and Polygon NFTs on Profiles
Meta, previously known as Facebook, has started rolling out NFTs for some American creators on its main social network.
Facebook is starting with Ethereum and Polygon NFTs but will shortly add support for NFTs on Solana and Flow, according to a statement from a Meta official.
In a tweet on Wednesday, Meta Product Manager Navdeep Singh provided a preview of how NFTs will be displayed on Facebook. The post states that users' Facebook profiles would feature a "digital collectibles" section where they may display their NFTs, which are special blockchain tokens that signify ownership.
Users can link their Facebook accounts to their cryptocurrency wallets. They will also be able to turn their NFTs into Facebook posts, which can then be shared, liked, and commented on just like any other post.
Martin Bryant, a tech and media expert, asserted that Meta's statement "clearly wants to offer a home to Web3 folks" given that the business has just started testing changes to Facebook Groups that would make them "more like Discord.
In May, the social media giant started rolling out NFTs for certain creators on Instagram "in a few countries." In a previous statement, Instagram announced that the firm will not charge any fees for uploading or sharing NFTs and that the app would automatically tag the NFT's creator and collector. Additionally, collectors will have the option of sharing their NFTs as augmented reality stickers.
Instagram's CEO, Adam Mosseri, previously stated that the expansion of the creative economy is a factor in the company's decision to provide NFT services.
“Now, we think one really interesting opportunity for a subset of creators is NFTs—the idea of owning a unique digital item,” Mosseri said in May.