Facebook launches NFT feature for select group of US creators


Meta has begun the roll out of a non-fungible token (NFT) feature on Facebook, just a week after chief executive Mark Zuckerberg had announced the plan. 

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The feature will initially be open to a select group of US-based creators; similar to how the company rolled out NFTs on Instagram a month ago. Zuckerberg’s Facebook post announcing the move also said the company is looking into augmented reality NFTs and 3D NFTs using the company’s Spark AR software platform. 

The news was confirmed on Wednesday by Meta product manager Navdeep Singh on Twitter. Screenshots shared by Singh show that Facebook NFTs will appear under a ‘digital collectibles’ tab on a user’s profile. 

On Instagram, NFTs are backed by Ethereum and Polygon blockchains with Solana and Flow support coming soon. Facebook hasn’t announced if that will also be the case for NFTs on its platform. 

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The Block has reached out to Facebook for further detail.

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Anushree covers how U.S. businesses and corporations are moving into crypto. She has written about business and tech for Bloomberg, Newsweek, Insider, and others. Reach out on Twitter @anu__dave




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