Facebook tests NFTs with select users: Report

Madhu Balaji Updated - July 01, 2022 at 12:17 PM.
Facebook (Representative image) | Photo Credit: Dado Ruvic

Meta has launched digital collectibles support on Facebook with select creators in the US, after launching NFT support on Instagram recently. Meta’s spokesperson confirmed the feature, according to a TechCrunch report.

The announcement comes a week after Meta CEO Mark Zuckerberg hinted at testing NFT support on Facebook. He said the test would let creators to post across Instagram and Facebook, which according to reports, have not been rolled out yet.

Meta’s Navdeep Singh wrote on Twitter:

According to the screenshot shared, a creator’s NFTs will be displayed on the profile under a new tab labelled ‘digital collectibles.’ The company clarified no fees are associated with posting or sharing a digital collectible on the platform. According to reports, Meta does not offer the ability to covert digital collectible posts into ads for now.

Published on July 1, 2022 06:45

This is a Premium article available exclusively to our subscribers.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.
Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

TheHindu Businessline operates by its editorial values to provide you quality journalism.

This is your last free article.