If Instagram indeed integrates NFTs into its platform, the number of such transactions could skyrocket to eight billion per year, said Deutsche.
by Coindesk, the deployment of NFT technology on Instagram has the potential to energize the entire market and make it mainstream.that the company will bring NFTs into Instagram in the next several months to let users mint such assets directly on the platform.
The note indicated that Meta-owned Instagram will simplify the process of buying and selling NFTs, further reducing the barriers to accessing this form of digital assets. With its notable brand effect, the note said, Instagram can legitimize NFTs, facilitating a greater level of public adoption. The German bank also predicted that Instagram building an NFT Marketplace can bring roughly eight billion net transactions per year. Besides Instagram, major internet companies like Twitter and Snap will, to some degree, bring NFTs into their platforms.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NFTs Could Go Mainstream With Instagram’s Planned Support, Deutsche Bank Says.instagram could simplify the process of buying and selling NFTs with its planned support, DeutscheBank said in a report. By willcanny99
Read more »
Next Level NFTs: Gamified Tokens Popular Among Dance Artists, But Come With DemandsThe amount of tech required to gamify NFTs is one of the reasons Web3 agencies are a gold rush area of the electronic music industry.
Read more »
Spurs sell $200,000 in Popovich NFTs, Food Bank benefitsPopovich thought up the Spurs’ NFT project shortly before breaking Don Nelson’s record for most regular-season career coaching wins.
Read more »
NFTs are changing the way photographers create and market contentNFTs provide individual pieces of art with a supposed proof of provenance, which is appealing to many artists striving to take back full ownership of their work.
Read more »
Former Exchange CEO Mark Karpeles Reveals Plans to Airdrop NFTs to Mt Gox Customers – Bitcoin NewsMark Karpeles announced he has launched a non-fungible token (NFT) project that will give Mt Gox customers airdropped NFTs.
Read more »
Spurs raise $200,000 for the San Antonio Food Bank by selling Coach Pop-branded NFTsThe digitally encrypted tokens are still on sale, and they are going or an average of $6,500. NBA NFTs SanAntonio SATX SanAntonioTX Spurs safoodbank
Read more »