Financial Times: Meta will allow Instagram and Facebook users to trade NFTs – Bits Media

Meta is developing its own NFT platform, mutually integrated with the main products of the IT corporation - Facebook and Instagram.

The platform is still in the early stages of development, reports
Financial Times citing its sources. Technology conglomerate Meta, in прошлом Facebook, is going to give users the opportunity to share NFT collections directly on social networks.

Meta even has several projects of its own platform for purchase, sale and issue of non-fungible tokens, but they are all at the prototype stage, FT interlocutors assure.

Many tech giants are now actively developing their NFT platforms, trying to take market share as quickly as possible. Many have been inspired by the enormous success of the NFT buying and selling platform OpenSea, whose monthly transaction volume exceeds $3.5 billion. Every day, only on the website itself and in the OpenSea application, users spend $169 million.

Earlier it became known, that Meta is quite successful in luring developers from Microsoft and Apple to create its metaverse. Microsoft has left about 100 Human. Apple manages to retain its employees – Bloomberg wrote, that the company promises its developers a bonus from $50,000 to $180,000. At the same time, both companies declared their interest in creating metaverses.