While the first two features align with what Zuckerberg said onstage, it’s still unclear what minting an NFT on Instagram entails. Perhaps you could sell a popular position as an NFT? Or mint NFTs that serve as access tokens to specific stories? Meta has not stated this yet, but it appears that minting powers will not be added until later in the game. The marketplace concept appears to be further off, given it did not receive a direct reference from Zuckerberg, though the large worth of sites like OpenSea undoubtedly makes it an attractive commercial proposition.
Of course, there is also a metaverse component to this. According to reports, Zuckerberg discussed minting your avatar’s apparel as an NFT and transporting it “between your many locations.” Zuckerberg has previously discussed NFTs and the metaverse, stating that he views them as an integral aspect of the administration of the digital world. Now, it appears as though he is seeing them as digital objects, a point previously raised by Meta.
