Meta, which was formerly known as Facebook, has launched digital collectibles support on Facebook with select creators after launching NFT support on Instagram.  It has introduced a new tab called ‘digital collectibles’, under which the creator can display his/her NFTs. However, creators will not be allowed to cross-post on Facebook and Instagram, nor will they be able to turn digital collectible posts into ads. There are no fees associated with posting or sharing a digital collectible. Needless to add, the news has created a buzz in the NFT – cryptocurrency world.
 
Tapan Sangal, founder and chief evangelist of P2E Pro, welcomes the news of NFT finding a place on Facebook. He says, “If Meta has launched support for NFTs on Facebook, it will lead to a surge in interest in the world of NFTs and cryptocurrency. After all, social networking sites like FB and Instagram are like a mini universe by itself. Right now, it seems to be limited to just posting and likes, but the day they allow natural NFT parkour to take place – like permitting display of NFT prices on the user profile or barter and bidding of NFTs among users, it will be a game-changer. All these features aid in permitting operation of secondary markets for NFTs.”
 
Sangal’s P2E Pro Pvt Ltd is a technology company, which is set to bewitch the  digital world in the virtual space soon. As a blockchain expert, he is fascinated by what the virtual world has to offer in terms of immersive technologies like Virtual Reality, Augmented Reality and Smart Contracts, among others. He also writes blogs and articles, which are mostly centered on blockchain technology and cryptocurrencies.