MARK Zuckerberg is preparing to bring the NFT craze to Facebook.
The tech billionaire has already launched the controversial feature on Instagram this week but now wants them across all of his apps.
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NFTs – non-fungible tokens – are all the rage at the moment, giving people the chance to own a unique digitised item such as art, music and even trading cards.
And for some it has shown to be lucrative – but also risky.
An Instagram model recently revealed how she made over £4million in 10 days selling pictures of herself as NFTs.
However, their value can fall considerably, as one buyer realised little after snapping up an NFT for the first ever tweet.
Zuckerberg, 38, hinted that Facebook will follow Instagram with NFTs soon.
“We’re starting building for NFTs, not just in our metaverse and Reality Labs work, but also across our family of apps,” he said.
“We’re starting to test digital collectibles on Instagram so that creators and collectors can display their NFTs.”
As we’ve seen in Instagram’s test, we’ll start to see a ‘digital collectible’ badge next to images that people have made or bought on feeds.
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Instagram boss Adam Mosseri said it will only be available to “a handful of US creators and collectors” to begin with.
“There will be no fees associated with posting or sharing a digital collectible on IG,” he said.
He also suggested creators might be able to earn money from selling NFTs via the platform.
Meta‘s apps have been integrating similar features for quite some time now, so whenever NFTs do land on Facebook, we can expect them to look and act quite like they do on Instagram.
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This post first appeared on Thesun.co.uk
