Meta is rumoured to finally be ready to enter the red-hot NFT market as the demand for digital collectibles reaches boiling point.
Both of Meta’s companies Facebook and Instagram are in the process of letting users display NFTs as their profile pictures on its platforms as well as creating the tokens themselves, according to the Financial Times.
There are also rumours that Meta is considering launching its own NFT marketplace for users to buy, sell and trade tokens.
Meta’s rival Twitter is also looking into showcasing NFTs on the platform.