Facebook launches NFT feature

Meta has launched a non-fungible token (NFT) feature on Facebook.

A week earlier, chief executive Mark Zuckerberg had announced the plan.

The feature will initially be open to a select group of US-based creators.

The move is similar to how the company rolled out NFTs on Instagram a month ago.

Zuckerberg’s Facebook post announcing the move also said the company is looking into augmented reality NFTs and 3D NFTs using the company’s Spark AR software platform.

On Instagram, NFTs are backed by Ethereum and Polygon blockchains with Solana and Flow support coming soon.

Facebook hasn’t announced if that will also be the case for NFTs on its platform.

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