Instagram exploring option for “non-fungible tokens” or NFTs.

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Instagram posts that offer collectibles may come with an alert label named “Collectible” to put users on the lookout

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On Saturday, the Cheif of Instagram, Adam Mosseri commented on the potential of NFTs and how it could make Instagram a more accessible platform for more people.

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In a recent Instagram Q&A, Mosseri said that he and the team are exploring new forms of digital tokens (NFTs) and how they can make them more accessible to the Instagram audience.

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Instagram might put an icon or label on posts that are available to purchase as the company did not confirm these details.

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Instagram launched a host of new features this week, including the ability to save replays and reels, comments replies and profile embeds.

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The IG Replay feature will let you show your friends what it was like to do various things in 2021, for example, go shopping in a virtual mall.

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Earlier this year, reports about the Instagram-owned photo-sharing app working on non-fungible tokens had circulated. Insta developer Alessandro Paluzzi had shared details about the possibility of their platform actually utilizing these tokens within their own application in July.

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