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Facebook and Instagram have joined the NFT frenzy.
With the increased popularity of NFTs, Meta has made it possible for Facebook and Instagram users to sell NFTs on the platforms.
According to a recent report, both social media sites are eager to provide users with the ability to generate and trade NFTs.
Proponents think Meta is planning to build its own marketplace in the future to attract NFT makers and consumers.
In 2021, the popularity of NFTs skyrocketed, prompting Meta to include the ability for users to create, exhibit, and sell digital artefacts and art on its social media channels. Meta is working on a feature that will allow its multi-billion-user base to dig into NFTs.
Facebook and Instagram meta-forays into NFTs
In 2021, the popularity of NFTs will increase. Meta, formerly known as Facebook, is preparing to provide users the ability to create, display, and trade NFTs on its social media platforms.
NFTs would be available to many billion Facebook and Instagram users. The functionality is now being added to both social networking sites by developers.
Users may sell digital treasures and art by displaying NFTs on their Facebook or Instagram pages. Proponents claim that Meta intends to build its own marketplace…
