2022-11-03
Facebook and Instagram announced they will add new features to support non-digital tokens on the Solana blockchain according to Meta’s report on November 2, 2022. While Solana’s team has informed users to show a video describing how to use new features and connect to Phantom wallet.
Moreover, Instagram will have trading and creating tools in order to sell and buy the NFT market soon, but as purchasing process will cost in terms of subject to applicable app store fees.
ref. Meta on Twitter
“A small group of creators will soon be able to create digital collectibles (NFTs) and sell them right on Instagram,” said Meta’s Head of Commerce and Fintech Stephane Kasriel in a statement.
Meta and Instagram will find out new and creative solutions enthusiastically in order to support all creators to build their various digital assets smoothly.
We believed Web3 technologies like Blockchain will increase as much as profit economic model for creators, which supports them can design new digital assets to gain a huge profit as virtual real life is coming soon.
“Meta won’t charge fees to create or sell digital collectibles until 2024,” Kasriel said, However, one point must realize transactions in any applications were charged for fees with related applications in the App store including Apple’s controversial 30% tax.
Source link: Decrypt
