Meta will allow creators to sell NFTs directly on Instagram
their digital collectibles. Now, Instagram will have an “end-to-end toolkit” so creators can make NFT collections and sell them to their fans and followers.
While Instagram has been ramping up commerce features for creatures for some time, this update is the first time Instagram has tried to compete directly with existing NFT marketplaces. Meta says it won't take a cut of NFT sales until 2024, though 30 percent will be deducted from sales to account for app store fees. Creators can also set a commission rate for resales of their work, ranging from 5% to 25%. You can disable notifications at any time in your settings menu.
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