NFTs are Coming to Facebook and Instagram – Whether You Like Them or Not | Social Media Today

Amid various rug pulls, scams and other nefarious activity, it does seem like some of the air has been deflated from the NFT hype bubble, as more people look to take a step back from ‘investing’ in digital art images. But even so, many still see NFTs as the future, with the pervading view among advocates being that we’re simply too early in the process to expect mainstream adoption just yet. Current investors are ahead of the game, and everyone will soon be buying and selling digital items. That’s how it’s being pitched from one vantage point – and while it does seem inevitable that we will soon see increased trading of digital items, whether those virtual goods are the equivalent of modern Garbage Pail kids remains to be seen. But like them or not, NFTs are set to get another boost, with a new report from The Financial Times suggesting that Meta is about to unveil its NFT trading and display plans. As per FT: “According to one memo shared internally last week, Meta plans to launch a pilot for posting and sharing NFTs on Facebook in mid-May. This will be “quickly followed” by testing of a feature that…
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