Instagram allowing users to Mint & Trade NFTs – Katoch Tubes

Instagram for  NFT adoption

About NFT market

NFT is a $40 billion market which has fallen in 2022 in the crypto crash. However, the interest among the users is on the rise with further adoption.

The Digital War

From Twitter to Instagram, every social media platform is fighting to attract NFT users as part of their new income strategy.

What's the news?

Instagram will soon allow creators to mint & sell NFTs.  The move will make it the most desirable social platform to creators & NFT collectors

Blockchain used

Instagram will use Polygon layer-2 blockchain to roll-out these features. Instagram will also absorb the Ethereum gas fees for the users.

Zero Fee Charged

Statement released by META indicates that it will not charge fees for listing and sharing NFT till 2024. However, trading them might be chargeable.

Twitter Reponse

Checkout Twitter NFT Tweet Tiles for listing & trading NFTs

Learn more

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