City
Epaper

Meta to test ways to make & sell NFTs on Instagram

By IANS | Updated: November 3, 2022 10:20 IST

San Francisco, Nov 3 Meta has announced to test ways to buy and sell non-fungible tokens (NFTs) to ...

Open in App

San Francisco, Nov 3 Meta has announced to test ways to buy and sell non-fungible tokens (NFTs) to fans and collectors both on and off Instagram.

With the intention of shortly expanding to more nations, Meta is testing the new feature with "a small group of creators in the US".

Users can buy digital collectibles of their favourite creators directly from Instagram to support them, the company said in a blogpost.

Additionally, Meta has expanded the list of digital collectibles that users can showcase on Instagram to include video and added support for the Solana blockchain and Phantom wallet.

"We're making it easier for people to show appreciation for their favourite creators across our apps, which helps creators strengthen their community and build their business," it said.

The tech giant has also expanded access to subscriptions on Instagram to all eligible creators in the US, so that more creators can generate consistent income and build closer relationships with their most devoted followers.

Additionally, Meta had introduced gifts on Instagram, starting with Reels, so that the creators can earn money from their followers.

Followers can purchase 'Stars' directly from Instagram to send gifts and support their favourite creators on Reels, the company said.

Earlier, Meta had rolled out new features on Instagram to protect users from abuse, along with updates to Hidden Words.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: The Twilight Saga: New MoonusSan FranciscoSan francisco bayJose d'saMetaMeta companyCapital platformDigital platformsMeta platforms incTwo platforms inc
Open in App

Related Stories

InternationalIdaho Shooting: 2 Shot at Shoshone County Sheriff's Office in Wallace; Suspect Killed

Social ViralSanta Spotted in US Skies? Netizens Report Red Sleigh Seen Over Multiple Cities (Watch Videos)

MumbaiMumbai and Bengaluru Non-Stop San Francisco Flights to Be Discontinued by Air India from March 1

InternationalSan Francisco Power Outage: Nearly 130,000 Homes Without Power After Fire at PG&E Substation

InternationalNorth Carolina Plane Crash: Retired NASCAR Driver Greg Biffle and Family Among Seven Killed in Statesville Jet Crash

Technology Realted Stories

TechnologyGujarat to draw strategic roadmap to strengthen cybersecurity of energy infrastructure

TechnologyCMFRI observes 'Swachhta Pakhwada' with cleanliness drives, community outreach

Technology'No communication received': Vodafone Idea on Cabinet relief reports

TechnologyAuto PLI scheme sees Rs 35,657 crore investment, incentives worth Rs 2,322 crore disbursed

TechnologyIndia’s broadband subscriber base surpasses 1 billion mark in Nov: Govt