$ 86,000.0
$ 1,916.70
$ 0.7099
$ 630.97
$ 133.73
May 10, 2022
by Jafrin Ahmed
Polygon Will Build NFT Platform for Instagram and Facebook
Ethereum scaling platform Polygon has partnered with Meta to create an NFT platform for its Instagram and Facebook, Polygon CEO Ryan Wyatt announced.
Zuckerberg Too Reveals on the Collaboration
According to a video posted by CEO Mark Zuckerberg, Meta’s NFT platform will be powered by Ethereum Layer 2 scaling solution, Polygon, and available to select creators.
Zuckerberg said the social media giant will start with Instagram and then move to Facebook, with potentially some of Meta’s other products included down the line.
He also mentioned creating augmented reality NFTs for Instagram stories via Spark AR, a Meta-owned augmented reality effects software.
Meta will initially only give access to NFTs to a small number of creators and NFT projects, with the most notable name being Gary Vaynerchuck, who launched his Vee Friends NFTs in 2021.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.