Instagram lets artists sell NFT works in ‘digital collectibles’ trial


Zuckerberg, seen here fencing with a hologram, is hoping to expand social media into more virtual realms. Instagram, the sister company to Meta-owned Facebook, is now joining the NFT bandwagon and selling digital-only works. — dpa

In a step towards the virtual realms of social media envisioned by Facebook-owner Meta, artists and collectors from the US are being allowed to showcase and sell digital artworks as NFTs on Instagram.

The announcement from Meta Group CEO Mark Zuckerberg and Instagram CEO Adam Mosseri comes as NFTs (“non-fungible tokens”) continue their boom in the art scene, where artists and galleries around the world have been selling digital works with a certificate of ownership.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

NFTs , metaverse , blockchain

   

Next In Tech News

GlobalFoundries forecasts upbeat Q4 results on strong demand from smartphone makers
Emerson sharpens automation focus with offer for rest of AspenTech in $15 billion deal
Data analytics firm Palantir jumps as AI boom powers robust software adoption
Tax fraud investigators search Netflix offices in Paris and Amsterdam, says source
Singapore's Keppel to buy Japanese AI-ready data centre
Tesla increases wages for staff at German gigafactory by 4%
Apple explores push into smart glasses with ‘Atlas’ user study
Japan's Kioxia sees flash memory demand almost tripling by 2028
Hacker gets into woman’s email, changes every password, tries to make purchases
Foxconn says Oct revenue +8.59% y/y, Q4 outlook good

Others Also Read