Zuckerberg Announces Instagram Will Incorporate NFT

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Zuckerberg hopes users will be able to mint NFTs on the platform

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video and photo-sharing app Instagram plans to add non-fungible tokens (NFTs) to the platform.

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Mark Zuckerberg confirms Instagram plan to add NFTs to the platform in the near term.

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To move aligns with parent company Meta’s vision of integrating with the virtual world, known as the metaverse.

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NFTs are Meta's second attempt at launching a crypto-related product

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after the 2019 effort to initiate a dollar-pegged cryptocurrency called Diem.

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A growing number of social media companies are testing NFT integration on their platforms.

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The metaverse is a digital reality that combines aspects of social media, online gaming, augmented reality (AR)

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virtual reality (VR), and cryptocurrencies to allow users to interact virtually.

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