Meta is set to enter the NFT space
NFT marketplace is in development
Meta is reportedly working on plans to allow users to buy, sell and display NFTs on Facebook and Instagram.
Teams at Facebook and Instagram are currently working on features that will allow users to display their NFTs on their social media profiles, as well as developing a prototype to help users create NFTs, according to Financial Times.
Two people at Meta have reported that the company is also considering launching a marketplace for users to buy and sell NFTs as a way to cash in on the extremely popular NFT space.
While it’s still too early to say any of these plans will happen for certain, they would make perfect sense. Meta first teased plans to introduce NFTs back in October, when its head of metaverse products, Vishal Shah, said that its metaverse will provide people with opportunities to create and sell NFT-based products.
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