As NFTs are all the rage these days, Facebook chief executive officer (CEO) Mark Zuckerberg plans to let Instagram users mint non-fungible tokens (NFTs) on the social media platform.

As per The Verge, Mark announced at the session at South By Southwest but did not provide a specific date for when NFTs might drop on Instagram.

For the unversed, Non-fungible tokens (NFTs) are a digital certificate of ownership of a piece of digital asset that can be bought and sold.

• Transrail Lighting Bags Rs 459 Cr MENA Transmission Orders
• Kotak Mahindra Bank Hikes DCC Fee to 3.5% from August
• Jubilant Pharmova Arm Gets USFDA Nod for Antacid Drug
• TVS Motor Jumps 3.75% as NTORQ 125 Gets New Colours
• Fortis Healthcare Falls 2.25% as Delhi Govt Orders Probe

During his speech, Mark stated that he hopes one day that users will be able to mint the clothes of their digital avatars as NFTs, but admitted there is still work to do before that can happen.

Instagram won’t be the first major social network with an NFT integration. Earlier this year, Twitter introduced a feature that let some users set an NFT they own as their profile picture.