Meta Considering NFT Marketplace Within Facebook and Instagram – Rangefinder Magazine
Meta could be researching an NFT Marketplace within Facebook and Instagram, according to a report by Financial Times. But, what could such a move mean for photographers finding footing in a young but exploding market? Could NFTs work to prevent image theft on social media? The report, which is based on several anonymous “people familiar with the matter” suggests that Meta is building support for NFTs that would allow users to display the digital collectibles on their profiles, as well as buy and sell on the platform. NFTs, or non-fungible tokens, are a digital file—often art or a collectible—that uses blockchain technology to authenticate and prove ownership. While NFT collectibles have been around for a few years, last year’s success of the first NFT to be sold by an art auction house brought many photographers and artists to the space, minting their art as authenticated digital collectibles. While the report hasn’t been confirmed by Meta, » Read More
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