in a nutshell
- Meta now supports NFT collections for all Facebook and Instagram users in the US.
- Instagram first added NFT support in May, and Facebook followed suit in June.
its continuation Recent rollouttech giant Meta said today, NFTs Collectibles support now Available to all Facebook and Instagram users within the United States.
Meta first started enabling NFT support on its platform on Instagram in Mayafter that Added Facebook support in JuneIn both cases, the company started with a limited number of users but has gradually expanded the pool over time.
Currently, anyone in the United States can introduce their NFT, joining users in nearly 100 countries across Asia Pacific, Africa, the Middle East, and the Americas.
This feature is currently ethereum, flowWhen polygon blockchain and Solana Support even on the horizon. Facebook and Instagram support wallet connection meta maskDapper Wallet, Coinbase Wallet, Rainbow, and Trust Wallet. This feature is available from the “Digital Collections” tab in the settings of both mobile apps.
The company announced in August cross post function This allows users to show off their NFT collectibles across their Facebook and Instagram accounts. According to Meta, the feature demonstrates the “interoperability” of NFT assets that can be plugged into different platforms.
NFTs are blockchain tokens that represent ownership of unique digital items. Popular use cases include digital art, collectibles, and interactive video game items. The NFT market has brought some benefits $25 billion trading volume In 2021.
That momentum continued rapidly until early 2022, when the NFT market Broader Crypto Market Crash I started in May. While many of his top NFT collections have fallen in price, overall sales have dropped significantly. dropped dramatically.
That said, the sizable sales haven’t completely stopped.Just yesterday, artist Tyler Hobbs $17 million worth of newly created NFTs for salewhile single Cryptopunks NFTs Sold for approximately $4.5 million Value of ETH.
Meta’s NFT push will be on a wider scale metaverse Aiming to be a giant of social media. Revealed a vision of the future immersive internet last fall. NFTs will play a role in Meta’s metaverse, but it remains to be seen how open the future platform will be and whether it will interoperate with other metaverse worlds and games.
