Mark Zuckerberg, CEO of Meta, has stated that Instagram is planning to add NFTs after other platforms such as Twitter also recently stated that they are adding non-fungible token related functionalities. The CEO claimed that his team is currently working on adding NFTs to Instagram in the near future. However, the Facebook creator did not specify when the deployment will take place nor were any particular dates mentioned. Nevertheless, he did say that he believes Instagram users will be able to mint their own NFTs on the platform in the coming months. This is not Metas first foray into a crypto-related enterprise. In 2019, the organization announced intentions to launch "Libra” (later dubbed "Diem”), a USD-pegged stablecoin that failed owing to a lack of governmental permission and community opposition.
