As the product expands, Instagram will allow users to connect digital wallets to their profiles
NFTs (Non-fungible Tokens) are gaining new reach on Instagram, following the announcement of initial tests in May. The platform is expanding digital collectibles to more than 100 countries, including Brazil, informed Mark Zuckerberg in a post on his own profile on the network this Thursday (4th).
According to a survey carried out by Chainalysis, the NFTs market, which deals with assets such as images, videos, music and works present only in the digital ecosystem, traded more than US$ 30 billion (R$ 144 billion) until May 2022. Last year , turned over US$ 40 billion (R$ 192 billion) worldwide.
Today, according to the consultancy Statista, Brazil is the second largest market for non-fungible tokens (NFTs) in the world, with more than 5 million owners. It is behind Thailand, with 5.6 million. United States and China appear next.
As the product expands, Instagram will allow users to connect digital wallets to their profiles, share collectibles and even automatically tag the creator and collector – depending on the account’s privacy settings.
