How to Make a Fortune using Your Instagram Account's New Feature

 Jaiden Stipp is just 16 years old and a designer.

He started making and selling logo designs on Discord as a hobby.

Each logo would sell for $20 to $60.

On a whim, he made an astronaut cartoon and put it up for auction on Open Sea. The image of a waving astronaut was an NFT (Non Fungible Token) and a buyer paid $60,000 for it.

In the course of one day, Jaiden went from being a kid logo designer to a celebrity NFT artist and now his work regularly sells for upwards of $50K per NFT.

If you have an artistic ability, you can soon do the same using your Instagram account.

Instagram has announced that Digital creators will be able to mint and sell NFTs directly from the social media platform.

Instagram will be giving Digital Creators an end-to-end toolkit for creating, displaying and selling NFTs. It will initially launch on the Polygon blockchain.

Polygon co-founder Sandeep Nailwal says that this move represents a remarkable milestone in the evolution of Instagram’s existing NFT functionality and a natural next step to bring Web3 to the mainstream.

What is even more interesting is that Instagram will also allow video-based digital collectibles to be shown on its platform and will add support for the Solana blockchain and Phantom wallet.

Prior to this, the platform supported Ethereum, Polygon and Flow blockchains, as well as connections to third-party wallets including Rainbow, MetaMask, Trust Wallet, Coinbase Wallet and Dapper Wallet.

Meta noted that it will not charge fees for displaying and sharing a digital collectible on Instagram or Facebook and it will not charge any additional fees for selling digital collectibles until at least 2024.

As Instagram has 2.5 billion users, the impact of this new feature is going to be massive and to take full advantage of this, attend our Meetup today at Ramada JBR at 6pm.

Case Study by Kishore Rangarajan