Meta is gearing up to launch its own NFT marketplace on Facebook, aiming to revolutionize digital asset trading and ownership within its ecosystem.
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To change Facebook into Meta is clear their intention that Facebook is so much excited for Metaverse. To make the world feel its presence in the Metaverse Gaming, the Meta even launched its own First Virtual World. We are speculating that all the social media companies are planning to build Facebook NFT Marketplace where these companies sell their users the best 3D user experience.
If we talk about the stats, it was shocking that the total revenue the company collected in the last month, December 2021, was 4 Billion Dollars. From this 4 Billion Dollar profit, the leading tech companies that rule social media would be more excited about the NFT marketplace.
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The big question is: What is Meta’s plan for the NFT Marketplace? Is Meta going to make their own NFT marketplace? Or is Meta planning to launch its own Blockchain Currency?
Well, I’m not going to make this topic so curious. So, let’s go for the answers to some of the queries.
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Facebook (META) NFT Marketplace
Recently, Twitter made an update to the NFT Profile Picture. It allows the NFT buyer to display their purchase in the profile picture on the Twitter application in their most unique way.
Last month, Instagram also said it will soon update new NFT features.
Almost all the most popular Social-Media companies are changing their features to the NFT. These companies are going to join Metaverse. So why not Facebook? The market has a rumor that Facebook (META) will include some NFT features in their Facebook Application.
But there is no such confirmation from Facebook. However, according to the sources, the company should create, showcase, and sell NFT features in their Facebook Marketplace, as we won’t say that the news is 100% correct. But we can also say that the main thing in the Metaverse is NFT, so Facebook, like the company, will not lose this profitable Marketplace.
How does the NFT Marketplace work?
As we already said, there is no confirmation from the Facebook Spokesperson or the company. So, it was not clear yet. However, META will launch its own NFT marketplace on theri Facebook application. Then, the possible procedures should be included by Facebook, which is as follows:
- Connect your Digital Wallet to your Facebook Account.
- Now, you can buy the NFT in the Marketplace from these digital coins.
- Or there is most of a chance that Facebook Meta will develop its own Digital Wallet for their users. In which users can save NFT coins and buy NFT.
- Users will most likely be able to use Marketplace as a platform, display their NFT, and make them available for sale to others.
Can Meta Include the NFT Profile picture like Twitter did?
Well, it cannot be said with conviction because, according to the primary sources, showcasing NFT is also mentioned. The Showcasing might mean that Facebook will look forward to including NFT owners updating their Profile Pic in NFT.
But you cannot refuse that showcasing your NFT also means Miniting the NFT. Minting the NFT implies that users can display the NFT on their blockchain to monetize themselves. Or, in simple words, Minting the NFT displays the User NFT for Sale.
Who will get the Benefit Of the Facebook NFT Marketplace?
If Facebook (META) introduced the NFT Marketplace, then the users using the NFT marketplace platform would get the Benefit. Most probably, Digital photographers can take so many benefits. An NFT marketplace is a platform where users showcase their skills and display their photographs for auction as an NFT.
It is not only for photographers; if you are a video animator, you can also sell your Video Animation as an NFT to art on the Marketplace. Crossroad is the most expensive NFT in the world, so don’t forget and sell your skills in the NFT Marketplace.
Facebook NFT Marketplace V/s Other NFT Marketplace
One major factor that makes Facebook NFT Marketplace different from other NFT Marketplaces is that the Users are in direct contact with the seller.
According to the primary source, Facebook will provide the User with an entire ecosystem. In which Users can create, showcase, and sell their NFT. So, for users, they don’t need to jump between two applications to sell their NFT.
How to buy NFT from Facebook Marketplace
If Facebook launches an NFT Marketplace on its META platform, it will happen in 2 to 3 months. Then buying NFT from the Facebook Marketplace might be included in some of these steps:
- Connect your wallet to your Facebook Account.
- After that, go to the marketplace option.
- Now, choose an NFT of your choice that you want to buy.
- And buy them from your available tokens or coins from your wallet.
- The chosen NFT is added to your wallet that you have attached to Facebook.
Wrapping Up
Well, nothing can be said about the Facebook NFT Marketplace. But the rumor that Meta is going to plan towards the Metaverse. It might be Meta will include their Marketplace for their users. The central question and query is, “Will Facebook Marketplace be Safe?”. Currently, nothing will happen, as we know that FB holds no guarantee of the products that you are buying from its existing Marketplace. So it was pretty tricky to tell you about this.
But yeah, I must tell you that the safety policy of the Meta is quite simple since the NFT transaction will happen in the blockchains. So, I think the Marketplace’s security must be high. If Facebook is going to develop its own Marketplace, it will need to get strict about its safety policy.
I hope all your questions and queries are answered; if not, you should tell your doubts in the Comment Section.
