Meta is one hundred and one percent dedicated to creating a future in which the metaverse dominates. However, they are getting things started by giving users the ability to show off their NFTs on Facebook.
On June 29, Navdeep Singh, the technical program manager for Meta, provided a sneak peek at Facebook’s new NFT PFP functionality through his various social media accounts.
We're launching NFTs on Facebook! Excited to share what I've been working on with the world. pic.twitter.com/TaV66zRanV
— Navdeep Singh (@navdeep_ua) June 29, 2022
This capability will initially only be accessible to a limited number of content creators. The NFT subculture has popularized the usage of the abbreviation PFP, which can either stand for “photo for proof” or “profile picture.”
Both of these meanings are associated with the term. Users will have the ability to exhibit their PFP tokens in a manner similar to that of a photo gallery.
Simply clicking on them will be sufficient to bring up all of their information.
Facebook entering the Web3 world:
According to a statement made by a Facebook official to the news outlet Techcrunch, it will take some time until the NFT support service is fully integrated.
In addition, the service will first launch as a feature that is only accessible to a select set of content creators in the United States.
Additionally, according to the spokesman, Meta is currently working on adopting NFT on several additional social media platforms.
This would make Whatsapp, Facebook, and Instagram NFT-friendly, or at the very least give them with features that are comparable to those that Twitter already offers.
Mark Zuckerberg, CEO of META, made an announcement a little less than two weeks ago that the firm was working on more NFT compatibility testing on Instagram in order to enable content producers to share their collections with the followers of their accounts.
It was highlighted by him at the time that Meta’s primary focus was on the development of support for NFTs that ran on Ethereum and Polygon.
Once the integration with Facebook is complete, however, he did hint at intentions to support additional blockchains, such as Flow and Solana.
Meta and Zuckerberg Betting on NFTs:
According to a story that was published not too long ago on CryptoPotato, Meta made its debut in the world of non-fungible tokens (NFTs) at the beginning of May, when it first enabled compatibility for NFTs on Instagram’s platform.
Using augmented reality technology known as Spark AR, the firm had the intention at the time of creating a bridge between the realm of digital art and the actual world.
The artwork could then be projected onto real-world settings thanks to this opportunity.
In addition, content creators will not be required to pay any fees in order to post their NFTs onto the platform that Facebook provides.
Even though Facebook is a centralized organization, Zuckerberg has made it quite apparent on multiple occasions that the company, which is now known as Meta, wants to speed up the entire process of Web3 adoption.
The young businessperson is convinced that using NFTs is the most effective approach to get started on the road to realizing his goal, which is particularly noteworthy when one considers how widespread use of the technology has spread throughout the general public.
Consequently, despite the fact that the market for cryptocurrencies and NFTs is currently in bearish territory, the focus of Meta is on the potential of social networking and the metaverse.
In addition, non-fungible tokens will play an essential part in the digital world of the future.