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

TechnologyInstagram, WhatsApp To Stop Working in New Mexico? Here’s What Meta Says

InternationalDonald Trump Hellhole Remarks: Iran’s Mumbai Consulate Takes Dig at the US President With Cultural Jab

InternationalKentucky Shooting: At Least 4 Killed, Including Suspect And Family Members In Adair County Standoff

TechnologyMeta Layoffs 2026: Facebook-Parent Company to Sack 8,000 Employees in May

InternationalTyphoon Sinlaku Live Tracker Map: Cyclonic Storm Intensifies Into Category 5; Check Real-Time Location

Technology Realted Stories

TechnologyGlobal AI spending expected to surge 47 pc to $2.59 trillion in 2026

TechnologyIndia can emerge as global leader in advanced 5G capabilities: Industry

TechnologyUS dropping charges will push Adani's global expansion plans: Top law expert

TechnologyRajasthan eyes global semiconductor leadership as state launches first chip manufacturing cluster in Bhiwadi

TechnologyPromoting 'grassroots innovators' can strengthen rural economy, reduce regional imbalance: Dr. Jitendra Singh