Instagram starts testing NFT

 Some users will be able to post NFT digital assets to Instgram's profile, messages or Stories from 

According to Meta's announcement, users do not have to pay any fees related to posting and sharing NFTs. Mosseri also teased the idea that a small group of users could trade, buy and sell NFTs directly on Instagram at certain times.

Previously, experts were concerned that NFT could sweep traditional social networks such as Facebook and Twitter into new problems related to copyright and data control. According to Alan Woodward, professor of cybersecurity at the University of Surrey (UK), the NFT market is lacking a driver. Therefore, when setting foot in this land, social networks will become the main responsible party. This is a matter of concern given the numerous copyright disputes that have taken place recently.

However, others said that it is understandable that Twitter and Meta took the risk to join the NFT, as both did not want to miss the opportunity to make money from the new technology.

NFT (non-fungible token) is a blockchain-based digital asset certificate that is transparently assessed for legitimacy and ownership. According to NonFungible, the total value of NFT transactions in 2021 reached 17.6 billion USD, an increase of 21,350% compared to 82.5 million USD in 2020. According to Collins dictionary, in 2021, the frequency of using the keyword NFT increased by 11,000% from the previous year and became the standout word of the year.
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