Multinational tech giant Meta is reportedly pushing into the NFT sphere, via introducing the integration of a feature allowing users to show off their NFTs on their Facebook and Instagram profiles. 

Specifically, Meta is reportedly investing resources in developing prototypes that will allow users to mint collectible tokens. Meta is further in talks to finalize the potential roll-out of a marketplace that supports the purchases and selling of NFTs. 

Although the above developments may bring joy to millions of NFT advocates using social media, all initiatives are still in the early development phases with possible adjustments to be made along the way. 

The discussions follow a push to bring in more talents to assist with Meta’s projects. On January 12th this year, Meta reportedly decided on a push to onboard extra staff members and has successfully recruited approximately one hundred individuals to leave Microsoft for Meta. 

Meanwhile, to prevent loss in personnel to Meta, Apple offered bonuses from $50,000 to $180,000 along with stock options.

Meta – previously referred to as “Facebook” – reportedly conducted its major rebranding to allow the firm to shift its concentration on projects beyond the confines of social media. 

In 2021, the firm reportedly revealed details related to its plan for establishing a metaverse aimed at setting up connections between physical experiences and online social experiences.

The company additionally rolled out previews of haptic gloves that may be introduced for use in its future metaverse.

Possible income generated in the NFT sphere is becoming increasingly more attractive, with entities even predicting that traditional brands will jump into the NFT sector and explore different measures for earning within the market.