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

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

While the platform is in the early stages of development, according to the Financial Times, citing its sources. Tech conglomerate Meta, formerly Facebook, is about to allow users to share NFT collections directly on social media.

Meta even has several projects of its own platform for buying, selling and issuing non-fungible tokens, but all of them are at the prototype stage, FT interlocutors assure.

Many tech giants are now actively developing their NFT platforms, trying to capture market share as quickly as possible. Many have been inspired by the tremendous success of OpenSea, an NFT buying and selling platform with a monthly transaction volume of over $3.5 billion. Users spend $169 million daily on the site and in the OpenSea app alone.

Earlier it became known that Meta quite successfully poached developers from Microsoft and Apple to create their own metaverse. About 100 people left Microsoft. Apple manages to retain its employees – Bloomberg wrote that the company promises its developers a bonus of $50,000 to $180,000. At the same time, both companies have declared their interest in creating metaverses.

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