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Exploring NFTs to make it more accessible to a broader audience, says Instagram CEO

Instagram CEO says we are exploring NFTs to make them more accessible to the broader audience. Adam Mosseri used the story feature to ascertain an up-and-coming future for NFTs on Instagram.

NFT universe has exploded with billions of dollars this year. This specific space of crypto is attracting people from every field of life. Artists, musicians, and even athletes are using NFTs to interact with their fans. The social media giants are also into this universe deeply and they want to have their piece of the pie. Instagram, one of the most used social media platforms, is gearing up to explore NFTs.

Exploring NFTs

Exploring NFTs to make it more accessible to a broader audience:

CEO of Instagram, Adam Mosseri, has revealed that they are actively exploring NFTs. The CEO used the story feature to guess the future of NFTs on Instagram. Although, the CEO did not make any official announcement about NFTs. However, he said that we are exploring NFTs to know how we can make them more accessible to the masses. He further added that they are working to help its creator through NFTs. He further detailed:

“Nothing to announce yet but we are definitely actively exploring NFTs and how we can make them more accessible to a broader audience. I think it’s an interesting place that we can play and also a way that hopefully helps creators.”

It appears that Instagram is gravitating towards IG’s competitor, Tik Tok’s NFT approach. Mosseri’s comments about NFTs on IG determined that much like TikTok, Instagram will also promote its viral influencers and their content in a tokenized form.

Read more here.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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