American multinational technology company Meta is about to embrace the non-fungible token (NFT) market by announcing the possible introduction of a feature that will allow users to display their NFTs on their Instagram and Facebook profiles.
Members of the teams at Instagram and Facebook have also hinted that there could be a marketplace where users can sell and buy NFTs.
Although NFT artists and collectors are enthusiastic about these announcements, everything is still up in the air and anything can change at any time.
The NFT industry is exploding like a wildfire. Several new partnerships and announcements are being announced daily.
NFT marketplaces are experiencing extraordinary trading volume. Just a few months ago, in November, the leader NFT marketplace Opensea exceeded the $10 Billion mark in sales, and earlier this month investors valued it at $13.3B in a $300M funding round.