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*Meta owner Mark Zuckerberg has said that Instagram will start testing NFTsthis week to help online content creators post and make money from theirdigital artworks. *
CEO of Meta Mark Zuckerburg has announced that Instagram will start testingnon-fungible tokens (NFT) in the coming week.
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An NFT is a unique digital token encrypted with an artist’s signature,which verifies its ownership and authenticity and is permanently attachedto the piece.
Anything digital such as photos, videos, GIFs, Music or any kind of artworkcan be turned into an NFT.
Zuckerberg said in an update on his Facebook profile, ‘This week we’restarting to test digital collectibles on Instagram so creators andcollectors can display their NFTs on their profile.’
He added, ‘Similar functionality is coming to Facebook soon, along withaugmented reality NFTs on Instagram Stories via Spark AR so you can placedigital art into physical spaces.’
