There was no clear timeline given as to when this will happen, but the CEO noted that the plan is to have the NFTs on Instagram in the next “several months.”

As of now, all these metaverses are built and powered by Ethereum which is one of the major large-cap cryptos in the world.

Mark Zuckerberg announced his plans for a metaverse, as well as the renaming of Facebook as a company. This move aims to distance the company’s new and ambitious efforts from the social media platform – now considered a branch of Meta.

After losing many advertisers, Mark Zuckerberg decided to introduce new policies that would tighten content restrictions on the platform, reducing hate speech, misinformation, and inflammatory posts.

They said the company has shown a complete lack of initiative when it comes to dealing with the President’s most recent Facebook posts in response to the protests.

Notable names in Silicon Valley express their support for the protests, including Elon Musk, Melinda Gates, Google’s CEO Sundar Pichai, and others.