04/11/2022 Instagram Users Will Soon Be Able to Mint and Sell NFTs

Instagram said that starting this week it will begin allowing a select group of digital creators to mint and sell non-fungible tokens (NFT) directly from the social media platform.

The image-focused apprecently launched its Digital Collectibles featurein 100 countries, allowing users to connect to their digital wallets and showcase NFTs that they either created or bought. The connected NFTs can be shown in your feed and include a shimmery effect to indicate authenticity.

The latest update will allow creators to make their own digital collectibles and sell them both on and off Instagram, giving them an "end-to-end toolkit" for creating, displaying and selling NFTs. It will initially launch on thePolygon blockchainand will be tested among a small group of creators in the U.S., includingAmber Vittoria,Refik Anadol,Jason Seife,Dave Krugmanand several others.

“This move represents a remarkable milestone in the evolution of Instagram’s existing NFT functionality and a natural next step to bring Web3 to the mainstream,” said Polygon co-founder Sandeep Nailwal.

Instagram will also allow video-based digital collectibles to be shown on its platform and will add support for the Solana blockchain and Phantom wallet. Prior to this, the platform supportedEthereum, Polygon and Flow blockchains, as well as connections to third-party wallets including Rainbow,MetaMask, Trust Wallet, Coinbase Wallet and Dapper Wallet.

Meta noted that it will not charge fees for displaying and sharing a digital collectible on Instagram or Facebook and it will not charge any additional fees for selling digital collectibles until at least 2024. It added, however, that "digital collectible purchases made within the Instagram app on the Android and iOS operating systems are subject to applicable app store fees."

In addition, it pledged that neither creators nor collectors will need to paygas feesfor digital collectibles bought on Instagram at launch.

In a step-by-step video of the new feature viewed by CoinDesk, it appears that NFT creators will also be able to choose their royalty percentage between 5% to 25%. Creators can then link their bank account or PayPal account to get paid.

Arts

https://www.coindesk.com/web3/2022/11/02/instagram-users-will-soon-be-able-to-mint-and-sell-nfts/?outputType=amp

Interesting NFTs
Noodle Rock
soft body spline & hair simulations in cinema 4d
ˈSÄ-V(Ə-)RƏN-TĒ
"I'm not smart enough to be an astronaut." That is what 7 year old Rayden told Micah the first time they met. How can a 7-year-old already feel limitations on his dreams? For centuries, the black community has been the target of a system designed to limit their power, their earning potential, their dreams. Now is your opportunity to help destroy the system. For the next 11 years, on each brother's birthday, (Rayden, Aug. 10/ Jacque Nov. 6), you the viewer, will be able to directly contribute Bitcoin to a wallet that will be given to each child upon turning 18. In what is one of the most powerful use cases for Bitcoin, 100% of your contributions and earnings will open all new doors for these special young men.
REFLECTICITY
This one-of-a-kind perspective made rounds on social media especially on Instagram for not only how uniquely it's framed but how beautiful the reflection off the mirrored buildings appeared late in the evening. Adding the night sky made the overall appearance even more magical. The collector of this NFT will receive a signed 1/1 edition 80 x 120 cm aluminum white matte finish print that is being displayed under 'The Future Past' Exhibition by Baber Afzal at The Foundry in Downtown Dubai from 12 Sept 2022 to 30 Oct 2022. Shipping charges and Certificate of Authenticity included. To learn more about the exhibition, please visit: https://baberafzal.com/thefuturepast2022
Brave Samurai
This is the second collaborative piece that I have created with the very talented Dutch artist, @eattheart23. Here, a samurai warrior stands guard, honour bound to protect his master even to the death.
#90241
By OthersideDeployer