Facebook and Instagram will reportedly become major NFT marketplaces

Facebook parent company Meta is reportedly working on ways to allow users to create, sell, and display NFTs on their social media profiles.

As reported by Financial Times, teams across both Facebook and Instagram are preparing tools for creating and distributing NFTs. Though Meta has declined to speak on the matter formally, several people familiar with the company’s plans have shared that the teams are exploring the option of a marketplace wherein users can “mint” the collectibles and offer them for sale to others on social media platforms.

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