Social media companies and startups were interested in this technology since it generated millions of dollars in income last year and became highly popular.
Some NFT developers may soon be able to produce and sell NFT directly on Instagram.
The first commission from NFT sales that Meta will get is in 2024. However, there will be a 30% cut in sales prices as a result of app store costs.
A select number of users in the US will be the first to have access to these new capabilities. However, Meta plans to increase the feature’s content in the coming time.