Instagram Jumps Into NFTs With Minting and Selling Feature (axios.com) 19
Meta's Instagram will soon allow artists to create and sell their own NFTs both right on the social media platform and off it. Axios reports: IG's feature will roll out to a small group of select creators in the U.S. to start, according to Meta. The first creators tapped to test the feature include photographer Isaac âoeDriftâ Wright, known as DrifterShoots, and artist Amber Vittoria. Meta won't charge fees for posting or sharing an NFT on IG, though, app store fees still apply. Separately, there will be a "professional mode" for Facebook profiles for creators to build a social media presence separate from their personal one. Artist royalties appear to be a part of the plan.
Minting or the creating of NFTs on IG will start on Polygon, a boon for the layer-2 blockchain (a separate blockchain built on top of Ethereum) given the potential onboarding of IG's billion active users. The price of Polygon's token MATIC jumped 17% from Wednesday evening to Thursday morning, boosted by IG news but also, because JPMorgan conducted its first live DeFi trade using that blockchain. The platform is adding support for Solana blockchain and Phantom wallet with the latest feature update, adding them to the list of already-supported wallets such as MetaMask, Coinbase Wallet, Dapper Wallet, Rainbow and Trust Wallet. Ethereum and Flow blockchains are already supported. Info for selected collections with OpenSea metadata, like collection name and description, will show up on IG.
Minting or the creating of NFTs on IG will start on Polygon, a boon for the layer-2 blockchain (a separate blockchain built on top of Ethereum) given the potential onboarding of IG's billion active users. The price of Polygon's token MATIC jumped 17% from Wednesday evening to Thursday morning, boosted by IG news but also, because JPMorgan conducted its first live DeFi trade using that blockchain. The platform is adding support for Solana blockchain and Phantom wallet with the latest feature update, adding them to the list of already-supported wallets such as MetaMask, Coinbase Wallet, Dapper Wallet, Rainbow and Trust Wallet. Ethereum and Flow blockchains are already supported. Info for selected collections with OpenSea metadata, like collection name and description, will show up on IG.
Nice Fucking Thing you got there... (Score:5, Insightful)
A public certificate of ownership for something you can't own. Cool!
Applied to a work or physical thing you, and only you, can own, what value does this add?
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Feature planned a year ago, released after it's no longer relevant. Just like the company.
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Feature planned a year ago, released after it's no longer relevant. Just like the company.
That's Meta reacting to the terrible stock news and outlook, and also getting out in front of what Musk will soon do on Twitter.
Instagram Jumps Over Shark with NFTs (Score:3)
I'm sure it will be a key component of the Metaverse.
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they stopped selling them in the late 90's
Another place for my ugly monkey picture QR codes (Score:2)
Too bad I can't even show a picture of the ugly monkey picture that the artist didn't spent more than 5 minutes on creating because he had to make 1756 of those pictures.
Well, I guess I will have to show the QR code to give smart investors an idea of what I'm selling.
I'm going to make millions with my ugly monkey picture links.
All my friends will be so jealous.
I can't wait to see the look on their faces when I tell them I took all my life savings and made millions with it.
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It hasn't made me more popular, so maybe I could sell it to you ?
They're opening a disco (Score:2)
They're opening a disco just in time for the 80s.
Re: They're opening a disco (Score:2)
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I struggled with this a bit, since surely people were still going to clubs with DJs in the 80s, and perhaps even still dancing to music that we would call "disco", but it plainly went through a long phase where it was considered passe.
Can you offer a better analogy?
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Tone deaf and late to the party (Score:2)
Re: Tone deaf and late to the party (Score:1)
Virtual NFTs in the Metaverse.
An accountant told me... (Score:2)
That was a while ago. Nowadays, it's introducing their own NFTs.
Oh No! (Score:2)
Anyway...
https://web3isgoinggreat.com/ [web3isgoinggreat.com]
Digital Sharks (Score:2)
Telegram jumping into NFTs? Now I know what NFTs really are -- digital sharks, as in "jumping the shark". When an entity (be it an athlete or an Internet platform) starts selling NFTs its a move of desperation.