Starting this week, Instagram will allow a small group of U.S. creators to mint NFTs on 0xPolygon and sell their digital collectibles right from its platform. rosieperper reports
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."for 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.
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