01/07/2022 Facebook Begins Testing Ethereum and Polygon NFTs on Profiles

If deployed widely, users will be able to connect their cryptocurrency wallets to their Facebook profiles.

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Meta, formerly known as Facebook, has begun rolling out NFTs for some U.S. creators on its flagship social network.

Facebook is starting withEthereumandPolygonNFTs but will soon add support for NFTs onSolanaandFlow, a Meta representative toldDecryptvia email.

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Meta Product Manager Navdeep Singh shared a sneak peek of whatNFTswill look like on Facebook in a Twitter post Wednesday. According to the post, users will have a “digital collectibles” tab on their Facebook profiles where they can showcase their NFTs, which are unique blockchain tokens that signify ownership.

Users will be able to connect theircryptocurrency walletsto their Facebook profiles. They’ll also be able to turn their NFTs into Facebook posts, which can be reacted to, liked, commented on, and shared just like any other post.

Tech and media consultant Martin Bryantarguedthat Meta "clearly wants to offer a home toWeb3folks" with the announcement, considering the company has also recently begun testing out changes to Facebook Groups to make them look "more likeDiscord."

Singh did not respond toDecrypt’s request for comment.

The social media giant previously began rolling outNFTs on Instagramfor some creators “in a handful of countries” in May, the Meta representative confirmed toDecryptvia email.

In an earlierannouncement, Instagram shared that NFTs posted or shared on the app will automatically tag both the NFT’s creator and collector, and the company won’t charge any fees for posting or sharing NFTs. Collectors will also be able to share their NFTs asaugmented reality stickers.

Adam Mosseri, Head of Instagram, previously said that Instagram is launching NFT features in part because of the growing creator economy.

“Now, we think one really interesting opportunity for a subset of creators is NFTs—the idea of owning a unique digital item,” Mosserisaid in May.

Meta did not respond toDecrypt’s request for comment on whether or when Facebook’s NFT features will go live to all users.

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https://decrypt.co/104205/facebook-begins-testing-ethereum-and-polygon-nfts-on-profiles?amp=1

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