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Author Topic: Will NFTs be available on Instagram soon?  (Read 321 times)
bakasabo
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March 17, 2022, 10:26:48 AM
 #21

What will be the purpose of NFTs on Instagram? Convert user uploaded pictures and videos into NFT and trade on marketplace (no doubt that it will be their own marketplace)? That might a good idea. Popular people can sell their unique photo to fans. Unique photo as an NFT, that only NFT owner can see. That will turn Instagram into OnlyFans. Which is bad, as NFT buyers will expect to get adult content, which is prohibited on Instagram. It will go across Instagram policy.

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March 17, 2022, 10:38:16 AM
 #22

It seems like all of platforms under meta foundation will be integrated with NFT, mark was doing this to make sure if its foundation will be one step ahead compared with the another cryptocurrency.I think that what's app will have the same feature like that once Instagram will be successfully integrating its NFT into the platform, NFT will become so big and this will be also giving direct impact to the metaverse as well.
I'm supporting this idea too. This will make crypto become even more famous among the Instagram users.
I just wanna see how the reaction from the Instagram users after it already implemented

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March 17, 2022, 11:17:55 AM
 #23

NFT coming to Instagram!  that's quite some news for the already hyped nft space, with the millions of users on that platform it will create a huge impact on the nft trend. The information is very short but am just wondering what it is going to be, how users will be able to utilize the nft features to their advantage (if it will be accessible to all users). On the other hand, i hope it won't open a flood gate of nft into the market, although no further details have been shared but it just make me wonder.

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March 17, 2022, 11:38:09 AM
 #24

If this happens, I expect everything to be centralized or to work just like Opensea site, provided that the user can buy centrally using USD or Cryptocurrencies, and then withdraw to the wallet.

I don't expect Instagram to accept Ethereum as a currency but rather to buy NFTs with it (too good if this happen.)

Generally it will be centralized, distorted and represents the possibility of selling digital products for dollars and will not be like existing tokens.
Therefore, it will be an additional means of promotion for creators to use the platform, especially with the intense competition from TikTok and Snapchat.
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March 17, 2022, 12:46:39 PM
 #25

If this really happens then NFT will be booming more and more, more users will be able to use limited NFT for their profile picture. I can't wait how Mark will make Instagram able to mint an NFT and what the effect of it on the crypto space because a lot of industries more accept to NFT trend right now. Let's just wait for coming months and see what happen  Smiley

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March 17, 2022, 05:45:41 PM
 #26

By the looks of it, we are not really going to get anything that would be beneficial to crypto if instagram somehow added those. I mean you can still post them obviously but anyone can, the way twitter does it should be a bit different though, where it provides proof of ownership as well. In that case a bit of NFT owners would be happy about it, but that's all.

I do not think that it could have any type of impact on general crypto at all. NFT world could see a spike for a small time but that's about it, even they would go down eventually when people realize that is not a big deal. A proper utility to use them would be a lot better for the long term.

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March 17, 2022, 10:48:46 PM
 #27

instagram honestly is a great platform, i’ve seen a lot of artists that are always showing off their arts in that platform and many of them are awesome arts that I think could have great potential if being minted as NFT and put in the opensea.
regardless of that, this also could means that the company behind the platform, have no choice but forcing themselves in the trend of NFT and maybe any other cryptocurrency technology.
they seems have figured out the real potential of this technology and think that instead of fighting it they should just use it in their advantage instead, after all company like meta always prefer the idea of having their own centralized version of things.
This sounds good to be user as a massive marketing for the NFT.

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March 17, 2022, 11:36:41 PM
 #28

Glad to see this. My friends are active Instagram users and they do not even know about crypto. NFT will make them realize if there was a thing called crypto as a revolution in the economic system as it was bringing the decentralized economic system. Let's see how effective this feature is and how many Instagram users will be using this feature then we can use it to determine how good the popularity of crypto among the Instagram users. It seems like all of the companies owned by meta will be fully supporting the new trend in the crypto like metaverse and NFTs. This is really good. We know that meta was a major company

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March 18, 2022, 01:58:16 AM
 #29

Instagram is a very popular social media platform. many people who definitely use this instagram.
By being able to print your own NFT on Instagram, of course, it will be easier for people to see it because there are so many Instagram users
Of course it will be easy to access. I hope this is true because with Instagram participating in the NFT world will make the NFT market even bigger
but the problem is that the blockchain system does not work according to its concept which is not centralized but scattered. for market expansion nft instagram is the right way

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March 18, 2022, 06:15:07 AM
 #30

Anything that already said by mark zuckerberg and im sure that will be going to happen soon. As the owner and instagram will be adding NFT feature soon. Im sure that if this will come very soon. This is interesting to see how it will be working.
This is a sense thing to happen with instagram. The NFT feature will be making anyone would be able to convert their photos into the NFT instantly i meant minted their photos to be converted into the NFT. 'We know that if instagram was a very big social media this time. I will not doubt if this is not another BS from mark. He was also feeling interesting with NFT

Instagram is a photo orientated platform and it make sense to integrate it with the NFT Blockchain. Mark Zuckerberg is an innovate person and he always bring interesting updates to his social media apps and platforms.
NFT is the future and I can see some interesting projects being developed using this technology.

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asyakashi
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March 18, 2022, 07:04:15 AM
 #31

NFT is indeed a good tool for business owners or application owners to develop this NFT concept.
So far, NFT is so loved by many people, it's no wonder that Mark Zuckerberg will soon release NFT on his application.
Although it has not been proven at this time, but it is good news for twitter users.
But there is no clarity here, whether NFT is NFT from Instagram or they will create some kind of NFT market on Instagram.

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March 18, 2022, 07:07:23 AM
 #32

Instead of adding NFT, I think it will be a good solution to start accepting Bitcoin or crypto for in-app promotion. Or create inside Instagram own payment system, as a lot of people use Instagram as a marketplace, or create shops there. It will be more convenient to tap on a picture with goods and buy them, then start conversation with seller, be redirected to web shop or get a link to perform payment (a link which sometimes is used to scam buyer).

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March 18, 2022, 07:16:33 AM
 #33

Due to the familiar use of Instagram, perhaps the cultivation of NFT technology will attract many new NFT artists quickly because of the abundance of Instagram users for many years. Although the last few years Zuck's company has had a lot of problems with regulation, I hope this time it will work in a fully decentralized manner to maintain the integrity of the uncensored blockchain.

This space for rent.
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March 18, 2022, 02:47:01 PM
 #34

one thing that is extraordinary for meta groups, where we know NFT is a work of art
And on Instagram, focusing on photo art has its beginnings.
but we can't speculate that high before mark publish it, afraid like a libra that has become the talk and disappeared,

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March 18, 2022, 03:36:09 PM
 #35

Meta embracing NFTs is expected. The Metaverse motives and Twitter already have been implemented NFT should poke Meta about their next move. And here we are, seeing it will be available soon. Even though I don't know exactly how their NFT mints platform gonna works--wether they implemented it themselves or outsourced it to another NFT marketplace, it will be interesting to see.
For now we do just speculate if they would implement out for themselves but i do have a doubt that it would be tagged up into another nft marketplace but lets see if they would really be doing something different.
~
I remember Mark saying on some podcast that interoperability is an essential thing for their Metaverse goals, so, someway integrating various of other NFT marketplaces may like the choices, the differences is I believe due to the legal nature of the company, Meta will strictly maintain or manage of how their NFT platform going to be, surely they don't want to display like a copycat or anything that lawfully prohibited or against their community guidelines. Pretty much make it centralized.
isaac_clarke22
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March 18, 2022, 03:47:16 PM
 #36

~
Well considering how NFTs are being perceived by the many, I can imagine that majority portion of the Instagram would be just a marketplace now, lol. It's been a while since I heard from Zuckerberg lol.

What happened to their previous project anyway? Libra? Diem? I heard that it just died out or cancelled.
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March 18, 2022, 08:43:50 PM
 #37

~
Well considering how NFTs are being perceived by the many, I can imagine that majority portion of the Instagram would be just a marketplace now, lol. It's been a while since I heard from Zuckerberg lol.

What happened to their previous project anyway? Libra? Diem? I heard that it just died out or cancelled.
Their plan on coming up with their version of digital country just died and i would say that they spent a lot of money and time thinking that they could revolutionize the market instead of using a decentralize coin that is already in the market and i would say that is their biggest failure and now they are planning to launch NFT on Instagram and lets see how they are planning to follow the hype. 
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March 18, 2022, 08:59:05 PM
 #38

~
Well considering how NFTs are being perceived by the many, I can imagine that majority portion of the Instagram would be just a marketplace now, lol. It's been a while since I heard from Zuckerberg lol.

What happened to their previous project anyway? Libra? Diem? I heard that it just died out or cancelled.
They changed their direction and moves toward the Metaverse, now that they announced NFTs on instagram, we can expect more good projects to come and a big support towards NFT. This is a big adoption so far, if they successfully introduce NFT on their big platform, that’s a good signal for the pump.
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March 18, 2022, 09:29:56 PM
 #39

~
Well considering how NFTs are being perceived by the many, I can imagine that majority portion of the Instagram would be just a marketplace now, lol. It's been a while since I heard from Zuckerberg lol.

What happened to their previous project anyway? Libra? Diem? I heard that it just died out or cancelled.
They changed their direction and moves toward the Metaverse, now that they announced NFTs on instagram, we can expect more good projects to come and a big support towards NFT. This is a big adoption so far, if they successfully introduce NFT on their big platform, that’s a good signal for the pump.
There are still in talk with this so expect a delay but hoping that this one will push through and no more government intervention so they can finally adopt cryptocurrency especially with NFTs. There’s a big user for Instagram and if NFTs are being posted and exposed their, that could be a good exposure and we can really expect that pump since for sure many big companies will also adopt.
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March 20, 2022, 06:09:12 PM
 #40

So now they are thinking new ways to milk there users other then Advertising business. And with there Gigantic Following, they could easily get lot of attention and will secure a good spot in NFT market too.
There start with Instagram will follow Facebook and then other platform too.
Personally I think It a wise move by Mark to introduce NFTs into social network. Let's See how things go.
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