All people in today’s digital world are NFT (Non Fungible Token) is likely to be aware of. Meanwhile, it has been reported that Mark Zuckerberg plans to launch NFT sales on the photo and video sharing social networking site Instagram. This means that Insta users can now mint NFTs through the site. This was stated by Mark Zuckerberg in his recent conversation.
There was talk of this last December. However, work on this is currently underway. He added that it will be available to everyone on their site as soon as possible. Earlier, Twitter had offered NFT a profile picture of only a handful of users on their site.
NFT?
NFT is all about digitally recording all the different types of artwork we have, such as photos and paintings. It’s almost like a patent. The world knows, for example, that the painting of the Monolith was painted by the painter Da Vinci. However, the picture can be hung on the walls for decoration in various places. Although it was in the hands of many, it was Da Vinci who painted the picture. And so is the NFT. But it’s just as good as it gets in digital form. The creator can sell it to others when he needs it. Doing so will transfer ownership of the work to the purchaser.