"A shared album is an album that multiple people can upload photos to," Facebook said in a blog post.
"When you make an album shared, you can add your friends as contributors," the post continued. "This allows them to add, view and edit photos in the album."
Previously, Facebook members could only add photos to their own albums, and the new feature, inspired by feedback from Facebook users, is intended to let friends or family members collaborate on photo albums memorialising shared events or occasions.
The new shared albums have three available privacy settings: public, friends of contributors and contributors only. This gives the album creator control over who has access to the group's images, Bob Baldwin, the software engineer at Facebook who spearheaded the project with colleague Fred Zhao, told Mashable.
Facebook users can invite up to 50 friends to contribute digital photos to online albums, and Facebook said the feature is not available for Page albums.
The feature is desktop only for now, and will be rolling out slowly to a small group of English US users at first. Facebook engineers said however that they would be working to add even more functionality, such as increasing the 200-photo limit per contributor and adding mobile support, according to The Verge.
The news follows a period of relative success for the social network, which has seen its share price skyrocket on the back of positive moves into the mobile arena.