“I’m not ready to announce exactly what that’s going to be today, but over the next several months, [you’ll get] the ability to bring some of your NFTs in, and hopefully over time be able to mint things within that environment,” he said, describing the future of NFTs, or nonfungible tokens, on the photo-sharing platform.
Zuckerberg was speaking via video at SXSW on Tuesday, in conversation with Daymond John, founder and CEO of Fubu, and one of the sharks on ABC’s Shark Tank.
Instagram wouldn’t be the first social network to equip its platform with the trendy digital assets, which are tied to a blockchain for their identity. Twitter made its entrance into NFT land in January, letting Twitter Blue subscribers display their NFTs as profile pics.
Apart from NFTs, Zuckerberg talked about the metaverse and reaffirmed the company’s confidence in the concept.
“The future belongs to the people who believe in it more than others,” he said.
He touched on a variety of issues facing the metaverse.
