Meta, which owns Facebook and Instagram, is looking at the potential of creating and selling NFTs on its key platforms.
In Brief:
The Financial Times cited sources saying capabilities are in development.
Reportedly, this would be powered by the Novi wallet.
Meta could include a marketplace where people can buy and sell non-fungible tokens.
What does this mean?
Instagram has reportedly already expressed an interest in displaying NFTs, and it's likely all the technology giants will be exploring the potential of these highly valued tokens, but Meta hasn’t confirmed anything yet.
