Today we hear a lot of things about NFT's. And with this growing trend the Meta's CEO wants to develop the usage of this by integrating this usage into Instagram.
Mark Zuckerberg make this announce on occasion of the event of South by SouthWest, and he say the teams of Instagram work on this integration in the social network.
Wait, what is an NFT ?
An NFT, is an abreviation to say Non-Fungible Token. Is a token who represent an object with a numerical identity was store on a blockchain.
An NFT is considered as a property deed, for example it is possible to buy a car through an NFT. And with this NFT you can say this car is your !
But an NFT can be all you want, for example a collection named Bored Ape Yacht Club have a lot of pictures, and the most expansive cost only 100 000 000 000 000 ETH (Ethereum) and 289 721 000 000 000 000,00 in dollar (currently).
Don't panic, you can get a lot of NFT for a small price, and you can also create your own NFT and sell it.
The world of NFT is very large, but what does Meta's CEO want to do with it?
What the Meta's CEO gonna do with that ?
Meta
To introduce this part, we gonna talk first about "Meta" was in the past "Facebook".
Facebook is changing its name in October 2021 to become Meta. Indeed this name was not a coincidence, this name refer to the Metaverse.
What is the Metaverse ?
The metaverse is a "Meta-universe", a virtual space accessible through virtual reality.
In the Metaverse you can globally do everything you can do in the real world, you can for example touch and feel object in the Metaverse like your mouse you use currently.
To go in the Metaverse you need an Avatar, this avatar represent you and it's your identity in the Metaverse.
This subject was really large, and to understand approximately what the metaverse and how it can be in the future I advise to see the American movie named "Ready Player One".
This movie is really nice and let you imagine what the Metaverse could be in the future.
The future of Instagram
The global objective, it's to use NFT's with Instagram and more precisely in the Metaverse of Meta.
The NFT's gonna be based and your profile and your life (Meta have a lot of information about that) and can be used in Instagram, Facebook, ....
For example, with your account you have an avatar and this avatar have some clothes. You can personalize this avatar with many things and exchanges virtual objects you have with other people in the Metaverse. All your clothes, accessories, etc. gonna be yours and gonna be linked with your account.
This new world is an opportunity for many marks, who can for example, create a special shoe with a large rarity.
But all I say here, it's assumption because the Metaverse is not for tomorrow, and the Meta group need a lot of time to develop this new virtual world.
But imagine what could be possible in the future...
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