What's Hot

    Ripple (XRP): Launch of the CBDC Innovate Challenge

    June 30, 2022

    a very unprofitable cryptocurrency

    June 30, 2022

    Elrond (EGLD) creates an NFT platform for Romania

    June 30, 2022
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    THECRYPTNEWS
    • Home
    • News
    • Guides
    • NFT
    • Analysis
    THECRYPTNEWS
    Home » Instagram CEO: “We are actively exploring NFTs”
    NFT

    Instagram CEO: “We are actively exploring NFTs”

    AdminBy AdminJanuary 10, 2022No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    One of the world’s most widely used social media platforms, Instagram, has confirmed that it is “actively exploring” the frenzied trend of non-fungible tokens (NFTs). Earlier today, Instagram CEO Adam Mosseri used the feature “Story” to determine a bright future for NFTs on the platform in line with the global trend.

    NFTs will invade Instagram

    Although he has not made any official announcement regarding the incorporation of NFT, Mosseri has claimed that Instagram’s goal is to make the token sphere more accessible to the general public. Additionally, he noted that Instagram is looking to help its creators by using non-fungible tokens.

    “Nothing to announce at this time, but we are actively exploring NFTs and how to make them more accessible to a wider audience. I think it’s an interesting place where we can play, as well as a way to help the creators. “

    Does Instagram take the TikTok approach?

    While there is no doubt that Instagram’s dominance as one of the most used apps continues, it looks like the platform is gravitating towards its competitor TikTok which has already taken the NFT approach. Mosseri’s comments on upcoming NFTs on Instagram determined that just like TikTok, IG will also be promoting its viral influencers and their content in tokenized form.

    Earlier this quarter, TikTok announced the launch of its very first series NFT, ” TikTok Top Moments To claim the benefits of the current NFT domain frenzy while helping its creators add additional revenue.

    The short videos platform announced the auction of tokenized versions of its popular videos “Doing the community overview”, which were created by viral creators of TikTok. The series of non-fungible tokens includes six TikTok videos “Culturally significant” of its creators.

    “Creating the content that happens on TikTok helps fuel culture and set trends beyond the platform. As the designer economy continues to grow, we are continually looking for new and differentiated ways to support our creators. Now fans can make a piece of the content on TikTok their own, considering that such and such tokenized video helped shape the internet while supporting their favorite creators.

    We are delighted to see how our community and NFT communities engage in very valuable cultural milestones for the global Internet ”, shared Nick Tran, Global Marketing Manager at TikTok.

    Social media platforms, notably Instagram and TikTok, are planting their flags in the NFT domain, which does not seem absolutely surprising given the explosion of the digital domain this year. The merger of the two spheres can probably turn out to be a fruitful cooperation. We will follow the evolution of the situation, so do not hesitate to stay on Cointribune to be up to date!

    Source: CoinGape

    Receive a summary of the news in the world of cryptocurrencies by subscribing to our new service of newsletter daily and weekly so you don’t miss out on Cointribune essentials!

    Jean-Louis Lefevre

    I am convinced that cryptocurrencies are opening up extraordinary new perspectives for us that I do not want to miss under any circumstances! I try to continuously enrich my skills in this area and share with you everything I learn with my followers and my hours spent exploring this universe.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Admin
    • Website

    Related Posts

    Elrond (EGLD) creates an NFT platform for Romania

    June 30, 2022

    NFT: eBay buys the NFT marketplace KnownOrigin

    June 27, 2022

    First fundraiser for Doodles and new partnership

    June 25, 2022

    10 big brands that have recently landed in the world of NFTs

    June 19, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts

    • Ripple (XRP): Launch of the CBDC Innovate Challenge
    • a very unprofitable cryptocurrency
    • Elrond (EGLD) creates an NFT platform for Romania
    • Warren Buffet: His bank Nubank becomes conducive to cryptocurrency trading
    • Vitalik Buterin explains why and how he created Ethereum (ETH)

    Recent Comments

    No comments to show.

    Subscribe to Updates

    Get the latest sports news from THECRYPTNEWS.

    Advertisement

    Archives

    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021

    Categories

    • Analysis
    • Guides
    • News
    • NFT

    The leader in news and information on cryptocurrency, digital assets and the future of money, THECRYPTNEWS is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
    We're social. Connect with us:

    Facebook Twitter Instagram Pinterest YouTube WhatsApp Reddit
    Top Insights

    Ripple (XRP): Launch of the CBDC Innovate Challenge

    June 30, 2022

    a very unprofitable cryptocurrency

    June 30, 2022

    Elrond (EGLD) creates an NFT platform for Romania

    June 30, 2022
    Get Informed

    Subscribe to Updates

    Get the latest creative news from THECRYPTNEWS

    Facebook Twitter Instagram Pinterest
    • Home
    Copyright © 2021 Thecryptnews.com

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT

    DMCA - Terms and Conditions - Privacy Policy