21/01/2022 Facebook, Instagram NFT sales may be coming

(NEXSTAR) — Meta, the technology parent company of Facebook and Instagram, may be entering the crypto marketplace soon — by enabling users to create, sell and buy original non-fungible tokens, or NFTs.

The Financial Timesreports that while plans are “at an early stage,” both social media platforms are preparing a feature that allows users to select existing NFTs as their profile pictures, in addition to letting user mint their own new tokens.

A marketplace within the platforms to sell and purchase NFTs is also under consideration, FT’s sources said.

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Other social media platforms have already begun:Reddit began hiringfor its planned NFT platform back in October, while Twitter’s reportedly tinkering with its new “Collectibles” section, which lets users display their non-fungible items.

You may be wondering: What’s an NFT?

Non-fungible tokens can be difficult to grasp but are essentially just one-of-a-kind digital pieces of content. These pieces are different than cryptocurrencies like bitcoin and ethereum because those pieces can be traded for ones of the same value,CNN Businessexplains. Trading bitcoin and ethereum is like trading an apple for another apple, but with NFTs, there’s only one apple available to trade among a bowl of oranges.

NFTs have flourished in the online art scene, with many artists finding avenues to create scarcity (NFTs come with certificates of authenticity) in a marketplace where images can be endlessly reproduced. These digital items can be in several forms, like GIFs and JPGs.

In October, auction companySotheby’s,which specializes in artwork and other high-priced collectibles, launched Metaverse, its NFT-only marketplace.

Close up of hands painting digitally on a tablet creating NFT non-fungible token marketplace (Getty Images)Close up of hands painting digitally on a tablet creating NFT non-fungible token marketplace (Getty Images)

Earlier this month, retail giant Walmart filed trademarks suggesting it may begin customer sales and purchases of NFTs. Some high-profile celebrities have also entered the game, including former First Lady Melania Trump and Tampa Bay Buccaneers quarterback Tom Brady. Brady’s Autograph NFT platform recently raised $170 million for its athlete-centric showcase.

Currently, NFTs are mostly purchased on the OpenSea and Binance marketplaces.

Despite a boom in popularity, NFTs and cryptocurrency in general have generated criticism over the amount of energy they consume.

Arts

https://fox40.com/news/national-and-world-news/facebook-instagram-nft-sales-may-be-coming/

Interesting NFTs
Scarlet Chartreux Spock Salmon
Heyo! I'm Scarlet Chartreux Spock Salmon. I want to live in a world where people believe the world is flat. I'm often described as annoying, and I own it. I hope we can be pawmates.
Another Day In Paradise
Just as the book speaks to intelligence, the image in all its muteness speaks to the heart.
#65679
By OthersideDeployer
Dreaming at Dusk
More than 15 years ago, Tor onion services were brought to digital life. An ecosystem of onions has been blooming ever since. To commemorate this landmark in the history of privacy, we collaborated with @ixshells to create a one-of-a-kind digital artifact: a generative art piece derived using the private key of the very first onion service, duskgytldkxiuqc6.onion. This auction benefits the Tor Project, the nonprofit protecting your human right to privacy. 1020*1280 / 60fps / .mp4 / RSA1024
Beautiful Worlds
Welcome to the ‘Beautiful worlds’ where nature and technology have merged into a single entity. These are Ai generated and hand finished visions of solarpunk future in which I would really like our future generations to live and prosper: the future we might have if we took the very “alternative route” which now lies before us: replacing states and corporations which free federations of communities and cooperatives, using decentralist and ecological technologies to create a world beyond economic scarcity and social hierarchy, defined by autonomy, mutual aid, diversity, and inclusiveness. The long-term goals of solarpunk are freedom and well-being for all by adopting and developing such ecological technologies as: solar, wind, wave and geothermal energy rather than oil or gas to generate electricity; a world of decentralized eco-cities, permaculture and vertical farming, free and open-source software, open-source hardware, small-scale fabrication laboratories, micro-manufacturing, 3D-printing, and countless examples of commons-based peer-production online: meeting the maximum amount of needs, in the shortest time, using the minimum possible amount of energy. It’s a world of decentralized and confederated eco-communities, using technology for human-centric and eco-centric ends rather than for accumulating power and profit – mending the metabolic rift between first nature (the natural world) and second nature (human culture) – and where social hierarchies of race, gender, sexuality, and disability are considered horror stories from the past “oil age”. Solarpunk desires societies of polycultural ethnic diversity and gender liberation, where each person is able to actualize themselves in societal environment of free experimentation and communal caring; This philosophy proposes that in order for the social and natural worlds to reconcile, humans must first transform their relations to each other – recreating society along egalitarian, cooperative, and democratic lines – and then transform their relations towards nature – adopting an attitude to cooperation, rather than domination, towards the planet and its nonhuman forms of life. Text by Connor Owens. This artwork took me a year to create and for you it will take a year to discover. Master autonomously updates once a day at 12am with one of 366 original artworks. Enjoy!