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last year, meta made the bold decision to allow NFTs to be displayed and sold on both Instagram and Facebook and tested this feature with a select group of users. This was a risk on Meta’s part, as a social media site of that scale had never done it before. Months later, this risk appears to have paid off. It looks like artists are flocking to Instagram to take advantage of the new features.
Several high-profile creators have reportedly launched NFT collections on Instagram, and these continue to sell out. For example, The Aku’s Dream Lab, created by a baseball star, mica johnson, It seems that it was sold out in about 11 seconds. The result marked a fantastic redemption arc following his devastating NFT launch last year.
2023 is off with BANG
Aku’s Dream Lab digital collection sold out in 11 seconds @Instagram!!This image is a preview of concept art of key locations in Aku’s future, featuring various items Aku collected during his travels as a digital explorer on Earth. pic.twitter.com/uz614RiQbb
Aku Akutars (@AkuDreams) January 8, 2023
Other creators such as Drifter Shoots, Dave Krugman and the incredible Refik Anadol have found similar success by pitching their collections to fans on the platform.
So while Instagram continues to roll out these features, more and more users around the world will have access to its powerful tools. It’s not uncommon for popular NFT collections to sell out quickly on marketplaces like his OpenSea, but listing these assets on one of the world’s largest social media sites is something else entirely.
With hundreds of millions of people easily able to access NFTs, we may see more and more sold-out collections in the near future.
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Image Credits: Time
*All investment/financial opinions expressed by NFT Plaza are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
Tokoni Uti has written extensively on blockchain and cryptocurrencies over the years. Her work has been featured on sites such as BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.
