It was first reported by the Financial Times, according to which although this is an initial announcement, after which Meta itself may abandon it.
But according to the claim, in the first phase, Instagram users will be able to post NFT on their profile picture and users will also be able to create new NFT. In the next phase, NFT buying and selling facilities will be provided in the form of market place.
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Earlier in December, the head of Instagram had said that he wanted to expand NFT on his platform. Mark Zuckerberg then said that NFT and digital products would be made available on Metavers.
Last year we saw a surge in non-fungible tokens or NFTs and people made millions of dollars buying and selling them. A week before Instagram, Twitter also offered NFT the option to put a picture as a display. Maybe that's why Meta has considered this.
In the year 2021, we saw the phenomenal spread of non-fungible tokens (NFT). In the last 15 days, Twitter has allowed NFT to be posted as a profile picture, two days ago Instagram also announced it and now the latest news is that a race of NFT and blockchain video game has started inside the video game.
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Games maker Annie Moka Brands says it has received 350 million in funding for blockchain gaming. The company also wants to create Open Metavers. It will also give consumers digital property rights, blockchain and NFT ownership. Then there is the option of playing a game and making money.
Annie Moka is currently announcing a sandbox project in which sand will be used as a token. A third-person shooter game called Phantom Galaxy is also under construction. The company has announced that it will continue to invest in Metavers and Web3.
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Last year, a total of 4 billion in global investment was made in the gaming blockchain. But we have seen that even a popular game like Pokemon was made on blockchain. Now another great example is that players in the X-Infinity game consist of more than one team and compete against each other. Each X consists of a code and this individual code is called NFT.
The winning team can take Blockchain NFT in the form of 'Smooth Low Position' and sell them for real dollars. Thus, a 22-year-old winning player has bought his own house just by playing a game.
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Since then, Sega has also announced an NFT game. UB Soft Game Company has also reported NFT in its game, Ghost Reckon Breakpoint. However, technologists are divided on the future of NFT.
One group calls it an energy-sucking trend, while another says it's a digital buy-sell and property-changing scenario that will inevitably affect our lives. However, the majority agrees on the blockchain.
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