Mark Zuckerberg: NFTs coming to Instagram 'in the near term'
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Meta Platforms (NASDAQ:FB) Chief Executive Mark Zuckerberg said Tuesday that Instagram is working on bringing nonfungible tokens to the photo and video platform.
Speaking at a panel at the South by Southwest conference in Austin, Texas, Zuckerberg said NFT's would likely come to Instagram "in the near term," according to a report from Engadget. Zuckerberg didn't give much in the way of details about Instagram's NFT initiative, saying, "I'm not ready to kind of announce exactly what that's going to be today."

Reports in January had Meta exploring the idea of allowing its users to create and sell NFTs.
Feature additions would allow those on Facebook and Instagram to display their NFTs on profile, mint them, and potentially buy and sell them in a Meta marketplace.