Facebook’s parent company Meta is planning to launch an NFT marketplace for their users to display and create NFTs on their profile. If Meta launches the market, it would be one of the biggest support for the NFT world. Meta will also allow its users to mint the collectible tokens.
As per the reports, Meta has also discussed launching a marketplace for users to buy and sell NFTs – essentially a digital asset representing art or imagery that cannot be copied. Teams at both Facebook and Instagram are looking at the integration of NFT, with Meta currently discussing the possible launch of an NFT marketplace.
Novi, Meta’s digital currency wallet is also said to be an important component in its push into NFTs. However, the plan of the company is reportedly at an early stage and could change. Meta’s move into the NFT space comes at a time when cash is flooding into the space.