NFTs Are Coming Soon to a Popular Social-Media Platform The NFTs are coming to the platform in the 'near term.'

By Chloe Arrojado

picture alliance | Getty Images

NFTs are coming to Instagram, according to comments from Meta CEO Mark Zuckerberg on Tuesday.

The news came during an SXSW session featuring Shark Tank's Daymond John and Zuckerberg. During the event, Zuckerberg said the company is working on bringing NFTs to the platform in the "near term."

"I'm not ready to announce exactly what that's going to be today, but, over the next several months, the ability to bring some of your NFTs in, and hopefully over time be able to mint things within that environment," he said.

Related: Unlocking the True Potential of the Metaverse

Instagram hasn't been shy about its exploration of NFTs. In December, head of Instagram Adam Mosseri confirmed that the company was "actively exploring" NFTs during an AMA session.

Instagram also isn't the only social-media platform exploring and embracing NFTs. Last October, Facebook announced that it will support non-fungible tokens to "provide a way for as many players as possible to build a business in the metaverse." In January, Twitter started letting people use NFTs as their profile pictures.

Related: Metaverse: A Game-changing Innovation For Entrepreneurs

Chloe Arrojado

Entrepreneur Staff

Editorial Assistant

Editor's Pick

Related Topics

Business News

Photos Leak of McDonald's New Space Age Spinoff Restaurant 'CosMc's'

The mega fast food chain is experimenting with a galactic-themed restaurant, drawing inspiration from an alien character featured in its 1980s commercials.

Health & Wellness

Embrace the Art of Saying No: 4 Tips for Setting Healthy Boundaries

Enforcing your own boundaries can be hard, but it's so important to master this skill. If you practice these four steps, you'll find it doesn't have to be so difficult.

Side Hustle

This Millennial Dad Just Wanted to Help His Daughter Care for Her Bearded Dragon. Then His Cricket-Breeding Side Hustle Exploded — Earning $27,000 in One Month.

It wasn't Jeff Neal's first attempt at a side gig, and before long, the "prototypical millennial side-hustler" realized his product had major potential.

Business News

Chipotle Customer Throws Food At Employee in Brawl, Judge Offers Employment Instead of Jail Time

The video of the September 5 altercation quickly went viral on Reddit.

Leadership

4 Out of 5 Entrepreneurs Step Down as CEO — Here Are 3 Things You Need to Do So You're Not One of Them.

Navigating the journey from entrepreneur to CEO is a profound transformation, one that often separates visionary founders from effective business leaders.