According to Instagram CEO Adam Mosseri, social media applications are researching non-fungible token (NFT) technology. At the Ask Me Any Questions (AMA) meeting on Instagram, Mosseri stated that the company wanted to make NFT “more accessible to a wider audience”.

Instagram CEO: “We are definitely actively exploring NFT”

Adam Mosseri, CEO of Instagram, following the transformation of the parent company Facebook to Meta Discuss NFT technology Saturday. The Instagram story is part of a series of AMA questions for the company’s CEO. When asked about his idea of ??integrating NFT with Instagram, Mosseri explained that the company is working on this idea.

“There is nothing to announce yet, but we are definitely actively exploring NFTs and how we can make them more accessible to a wider audience,” Mosseri explained. “I think this is an interesting place where we can play, and a way we hope to help creators,” the Instagram CEO added.

Allegedly Instagram NFT feature and creator week

Mosseri did not go further in his Instagram story, and the CEO did not mention any details about the company’s increase in NFT support. Towards the end of May, Instagram held its first annual “Creator Week” event. exhibit Non-fungible token and NFT creator. In July, software developer Alessandro Paluzzi Share screenshot Instagram’s so-called plan to merge NFTs.

#Instagram Researching collections? pic.twitter.com/OQLFaWSAid

-Alessandro Paluzzi (@alex193a) June 21, 2021

In addition, Paruzzi also Shared a suspected leak A feature that allows Instagram users to bid for NFT collectibles within the app. The developer also explained at the time that Instagram may support Facebook’s Novi blockchain project and native encrypted assets. Instagram and Facebook are not the only social media platforms that explore blockchain like Twitter roll out One Bitcoin Tipping feature at the end of September, and said that it is exploring NFT authentication.

In addition to saying that Instagram is “exploring NFT” and trying to expand to a “broader audience,” like its parent company Facebook, Instagram is tight-lipped about these features.Three days ago, Polygon and Reddit co-founder Alexis Ohanian’s 776 venture capital firm Announce Create a $200 million fund to support social media related to Web3 and blockchain technology.

What do you think of Instagram CEO Adam Mosseri talking about NFT this weekend? Please tell us your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the head of news at Bitcoin.com News and a fintech reporter living in Florida. Since 2011, Redman has been an active member of the cryptocurrency community. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 4,900 articles about destructive protocols emerging today for Bitcoin.com News.