фото показано с : invezz.com

Facebook is mulling incorporating non-fungible token (NFT) features and products into its Novi wallet. A report unveiled this news earlier today, citing a disclosure from David Marcus, the Head of Facebook Financial (F2). Reportedly, Facebook is exploring several ways to dabble in the NFT because it is well-positioned to enter the burgeoning industry.

According to the report, the Novi wallet is ready to launch. However, Facebook intends to roll it out alongside the Diem stablecoin, which has not yet received the go-ahead from leading financial watchdogs in the US. Per Marcus, Novi wallet will only go live without Diem as a last resort. This, perhaps, explains why the Novi team has decided to add other features to the wallet as it awaits regulators to have a change of heart, regarding Diem.

Explaining why Facebook is considering adding NFT capabilities to the Novi wallet, Marcus said the company believes Novi can seamlessly hold NFTs. He added that Facebook believes a wallet as good as Novi should be able to help its users embrace NFTs. However, Marcus did not delve into the specific NFT products or features Facebook seeks to integrate into the wallet.

This news comes as mainstream companies continue embracing the NFT space. For instance, Visa announced that it had joined the NFT craze by purchasing CryptoPunk #7610 for $150,000 (£109,458.75) in Ethereum (ETH/USD). The financial giant’s Head of Crypto, Cuy Sheffield, disclosed that this purchase would help the company understand the infrastructure requirements that global brands need to meet before they can purchase, store, and use an NFT.

Sheffield added that the purchase was Visa’s way of supporting creators, collectors, and artists in the NFT space, adding CryptoPunk #7610 would make a revolutionary addition to the company’s collection, which is more than 60 years old.

Visa added that NFTs can become a powerful accelerator for the creator economy and lower the entry barrier for individual creatives to earn a living through digital commerce. According to the company, NFTs are already introducing a new form of social commerce that empowers both creators and collectors.

Meanwhile, NFTs are continuously raking large amounts of money, with someone buying an EtherRock NFT for $1.3 million (£0.95 million) on Monday. These kinds of purchases have seen OpenSea, the largest NFT marketplace, record a $1 billion (£0.73 billion) payment volume in August alone.

OpenSea just hit $1B in trading volume for the month of August so far.

And it's still day 0 for NFTs.

The post Facebook explores integrating NFT functionalities into its Novi wallet appeared first on Invezz.

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