Instagram to Support NFT Integration on Four Major Exchange Platforms

　　Instagram, the social media subsidiary of Meta Platform Inc, is allegedly on track to handle Non-Fungible Tokens (NFTs) from four important blockchain protocols: Ethereum (ETH), Solana (SOL), Polygon (MATIC), and Flow (FLOW).

　　According to Coindesk, the social media giant is planning to allow NFTs residing on these blockchains to be displayed as display photos on the profiles of users who hold them.

　　The social networking platform will not charge users for this service, and uploading an NFT will allow users to authenticate their ownership and tag the makers of these digital artifacts to add to their overall legitimacy.

　　The new service or allowance is said to be available solely to US residents, and Coindesk was unsure whether support for various blockchain networks will be handed out all at once or in stages. What is certain is that social media will support Metamask, the most popular wallet for storing NFTs.

　　Since CryptoPunks and the early pioneers introduced NFTs, their popularity has skyrocketed. Many retail investors are now collecting NFTs, and the prominence this movement has given to the new offshoot of blockchain technology is no longer negligible.

　　The selection of the four blockchains is based on the fact that the majority of NFT transactions take place on these blockchains, and Instagram's integration is expected to get widespread acceptance.

　　Instagram, with over 1 billion Monthly Active Users (MAUs), is a major hub that can assist grow the overall acceptance and mainstream usage of NFTs. When the social media giant formally launches the new integration of NFTs as DP, the platform's innovation will be completely displayed.

　　As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!

　　iOS: t.ly/UUCj

　　Android: t.ly/cfYt