%MetaPlatforms ($FB) chief executive officer Mark Zuckerberg says non-fungible tokens (%NFTs) are coming to the Instagram social media platform.
Zuckerberg made the comments at the South by Southwest conference in Austin, Texas, saying “We’re working on bringing NFTs to Instagram in the near term.”
Zuckerberg added, however, that “I’m not ready to kind of announce exactly what that’s going to be today… hopefully in the coming months.”
Earlier this year, media reports said that Meta Platforms is working on plans for both Facebook and Instagram members to be able to display NFTs on their profiles.
Last October, Facebook changed its name and brand to Meta Platforms to reflect its focus on the metaverse and virtual reality technologies. The company said at the time of its rebrand that its metaverse would support NFTs.