Reported that Instagram will support NFT transactions

It is reported that Instagram, a photo sharing SNS, is planning to support non-fungible token (NFT) transactions. If the plan is realized, NFT trading could become more active on Instagram, which has more than 1 billion active users.

Meta's Instagram to Support NFTs From Ethereum, Polygon, Solana, Flow
https://www.coindesk.com/business/2022/05/08/metas-instagram-to-support-nfts-from-ethereum-polygon-solana-flow/

CoinDesk , a cryptocurrency-related news site, reported on Instagram's support for NFT transactions. According to CoinDesk, Instagram plans to integrate NFTs on platforms such as Ethereum, Polygon, Solana and Flow. CoinDesk states that Instagram's NFT transaction integration plan is aimed at some NFT enthusiasts living in the United States, but the specific features that the integration will make available are unclear.

In addition, Instagram will support widely used cryptocurrency wallets such as MetaMask . In addition, CoinDesk wrote, 'We have confirmed that Instagram does not ask for compensation for users' NFT posts.'

CoinDesk said about Instagram's support for NFT transactions, 'Instagram has more than 1 billion monthly active users, which may boost the cultural visibility of NFTs,' expressing expectations for the spread of NFTs. In addition, CoinDesk said, 'Instagram will make an announcement about NFT transactions on Monday (May 9, 2022) at the earliest,' and said that NFT-related functions will be implemented in the near future.

In addition, CoinDesk requested comments from Meta, the operator of Instagram, but did not respond.