The latest announcement means that users in Africa will now be able to connect their Instagram accounts to a crypto wallet and add an NFT collection to the social media service.
Some of the wallets that are supported include:
NFT support will only be available across select chains that includes:
with Instagram saying ‘there no fees associated with posting or sharing a digital collectible.’
Meta, Instagram’s parent company, has said that the move is based on user feedback indicating that NFTs are being used by creators to ‘take control of their work, their relationship with their fans, and how they can monetize.’
How NFTs Will Work on Instagram
Users connect their accounts to a wallet of their choice, upon which they can select any NFT they own that they would want to share on social media.
“Once a creator or collector posts a digital collectible, it will have a shimmer effect and can display public information, such as a description of the NFT.