Non-fungible tokens News

Meta has been planning NFT integration with Instagram for quite some time. NFTs from some of the most popular blockchain networks are now heading to Instagram. NFTs on Ethereum, Polygon, Solana, and Flow are headed to Instagram, according to the research.

The sale of NFTs fell to a daily average of about 19,000 this week, a 92 per cent decline from a peak of about 225,000 in September, reports Wall Street Journal, citing the data.

Currently, close to 50 million artists, musicians, and creators across the world publish content as a full- or part-time source of income. Visa said that it aims to help creators navigate the technology behind NFTs.

Instagram Head Adam Mosseri said recently that the team was "actively exploring NFTs" but didn't have further details.

NFTs are crypto assets that record the ownership of a digital file such as an image, video or text. Sales of NFTs, or non-fungible tokens, soared to around $25 billion in 2021.

Twitter displays the NFT profile pictures as hexagons, differentiating them from the standard circles available to other users. The social media platform last year added functionality for users to send and receive Bitcoin.

Non-Fungible Tokens, or NFTs, are a type of digital asset Each NFT has a unique digital signature

Minted on the Polygon blockchain ($MATIC), the “83" collectibles will include autographed physical cricket memorabilia, video scenes, animated digital avatars, and unseen posters and images. The film’s producers have partnered with NFT Labs, Inc. and Social Swag, an influencer-led fan engagement platform, for the exclusive release of the movie’s NFTs.

Off late, the bandwagon of celebrities, athletes, gamers and artists have plunged at the opportunity to lock their fate on the blockchain. The 30-day average for sales of NFTs has climbed from $0.3 billion to $2.5 billion since August 1. NFTs create opportunities for new business models that didn’t exist before.

The collection will include an autographed poster of the Sholay movie. Bachchan’s narration of the poem 'Madhushala' will also be there for bidding. The actor said that he has joined Rhiti Entertainment to launch his NFTs soon on the platform.

The Twitter boss has listed his famous post as a unique digital signature on the website where tweets are sold as non-fungible tokens (NFTs). Old offers for the tweet suggest that it was put for sale in December, but the listing gained more attention after Dorsey’s tweet on March 5. NFTs are digital files that serve as digital signatures to certify who owns photos, videos, and other online media.