NFTs on Facebook: The time has finally come!
After months of waiting in the Web 3 community, NFTs are now available on Facebook. The announcement comes a week after Meta CEO Mark Zuckerberg said the company will soon begin testing for NFT support on Facebook. In a tweet from Navdeep Singh, a product manager at Meter, he posted a screenshot of what users will see on the platform.
Huge news of Facebook taking NFT!
The announcement that Facebook is now launching NFTs on its platform is huge news for NFT space. The company dominates the world’s largest social media platform and industry. With 2.9 billion monthly active users, it will open up the NFT market to people who haven’t used it. To put this number in perspective, about 35% of the world’s population uses Facebook every day.
Navdeep Singh tweeted, “We are launching NFTs on Facebook! I’m excited to share what I’m doing with the world. “However, it’s important to remember that this is not a complete rollout of NFT technology.
The Facebook app has four screenshots showing NFTs. These images show the ability to post NFT to your timeline with new display options What’s more, when you click on the image, it will show you an extensive art collection and information about the manufacturer of each NFT.
When Meta launched NFT on the Instagram platform, it was exclusively for Etherium (ETH) and Polygon (Matic) NFTs. However, they have confirmed that they have plans to use Solana and Flow in the future. It’s not clear if Facebook will follow the same procedure, but it seems to be the most realistic result.
Meta hopes that NFT makers will soon have the option to cross-post across all Meta platforms, including Facebook and Instagram.
There is no fee for NFT on Facebook
Facebook has also confirmed that there will be no fees for NFT makers on social media platforms. Significantly, it will not allow NFT in any ad. This is an important decision because advertising and shopping now play an important role on the platform
In fact, the company has learned the lessons of other social media companies that have adopted NFTs.
When Twitter first launched its NFT profile picture scheme, it cost 2.99 to participate. Finally, after the uproar from the NFT community, they made it completely free.
Metaverse is the big picture
NFT acceptance in both Facebook and Instagram is part of a huge Metaverse vision for Meta. The company is fully committed to the concept of ‘metavers’ and wants to position itself at the top of the Web3 revolution.
Moreover, last week Meta confirmed that they are exploring how manufacturers can make money on Facebook and Instagram. To do this, they are expanding their existing monetization tools to a wider community of manufacturers.
NFTs post on Facebook: The time has finally come! NFT first appeared in the evening.
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