The gaily digital world of Instagram is finally breaking the NFT sphere. In March 2022, Meta, formerly known as Facebook, announced its plans to create an Instagram NFT marketplace leading to months of speculations.
With the incredible versatility of the NFT space, it does not come as a surprise that countless giant corporations are venturing into the industry. Among the many organizations joining the rapidly growing community is the global brand Meta, specifically Instagram.
Non-fungible tokens have had their fair share of controversies and criticisms. Hand in hand with industry-wide support for this particular form of digital asset is also a boatload of questions about the value they bring to the table.