Mark Zuckerberg confirms during SXSW NFT’s are coming to Instagram.
NFT Blue’s Advisory group has already identified other ways to “insta mint” social media content and is working with other tech partners to do just that.
NFT think tank and leading advisory group NFT Blue, has been advising its global partnerships and clients for a while, it will only be a matter of time, before any content on social media platforms, can be instantly minted into NFTs. At the South By Southwest ( SXSW) festival held in Austin, Texas, Facebook and Instagram head honcho Marck Zuckerberg, announced just that.
- Mark Zuckerberg said during an appearance at SXSW that Instagram is bringing NFTs to its platform.
- Zuckerberg wasn’t specific, but said the move would happen in the next “several months.”
- He said users may be able to mint new NFTs on Instagram as well as bring over existing ones.
- NFT Blue coined and has been using the word “insta mint” for over 5 years ago as a way to explain the evolving landscape where instant NFTs can be generated right out of phone cameras, and social media content.
NFT Blues advisory and NFT research group are constantly evaluating new systems and platforms to recommend to its partnerships, and, points out the ability for any content user to mint NFTs right out of the social media environment is already here now with other NFT Blue partners. Zuckerberg suggested that Instagram users would be able “to mint things within that environment.”
Speaking at SXSW, Mark Zuckerberg confirmed that digital collectibles would be arriving on Instagram “in the near term.”
“We’re working on bringing NFTs to Instagram in the near term,” he said. He didn’t detail exactly how that would take shape but suggested people would be able to show off their existing NFTs and potentially mint new ones. “I’m not ready to kind of announce exactly what that’s going to be today. But over the next several months, the ability to bring some of your NFTs in, hopefully over time be able to mint things within that environment.”
Zuckerberg and other execs have previously expressed an interest in NFTs, with Instagram’s top executive Adam Mosseri saying the company was “actively exploring” the technology. The Financial Times reported in January that the company was hoping to add NFTs into its crypto wallet Novi.
Speaking Tuesday, Zuckerberg also said that NFTs could one day play a role in the company’s eventual metaverse. “I would hope that you know, the clothing that your avatar is wearing in the metaverse, you know, can be basically minted as an NFT and you can take it between your different places,” he said, “There’s like a bunch of technical things that need to get worked out before that’ll really be seamless to happen.”
NFT Blue, one of the leading think tank advisory groups in the NFT space with sports, art, music, auto collections, and movie projects, believes, though Instagram is a little late to the game on minting NFTs, with Facebook and Instagram's 4 billion-plus users currently in the world, the NFT marketplace will definitely shake up and bring change immediately to how advertisers, brands, and promoters and influencers, and fans use the Instagram network. “It's a “game-changer” for sure. Currently NFT’ Blue’s forward-thinking research team has identified a few other ways content creators can “install mint your social media content into NFTs and has been working with a number of strategic partners it recommends for its global clients who come to NFT Blue for strategy.
