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HomeTop NFT CollectionMeta links Instagram’s NFT posts to Facebook as the market for ‘digital...

Meta links Instagram’s NFT posts to Facebook as the market for ‘digital collectibles’ tanks

Meta is testing support NFTs Instagram “Digital Collector” Post from May, you can now share blockchain-verified items and posts on Facebook too, if you’re among an expanding group of people with access.according to An updated blog post from the company, By connecting his digital wallet to either platform, he “now can post his digital collection to both Facebook and Instagram.”

The post basically looks like a normal post, according to. Screenshot from the company’s tweetHowever, it will be badged as a “digital collection”.

Instagram NFT post linking to Facebook
Image: Meta

of Frequently Asked Questions There are many details about how the connection works, keep your account safeThis is important because linking an NFT to Facebook or Instagram makes the person posting the NFT more likely to be targeted by phishing attacks. many Event.

The timing of this latest expansion and sharing across Facebook is clearly timed the day after Eminem and Snoop Dogg. Realized collaboration with Bored Ape Yacht Club at MTV’s VMAs. Judging by the reaction to that event, his existing NFT fans seemed energized, but other music lovers were less impressed.

BAYC despite the performance or perhaps because the owner wanted to keep the NFT and appreciate the value this afternoon only 4th place to the list of most active collections.

forbes report Data posted on DappRadar shows that trading volume on OpenSea, one of the largest NFT marketplaces, has dropped by 99% in the last four months alone. The market traded more than $2.7 billion on May 1, compared to $9.34 million on Sunday.another Dune Analytics Tracker Shows how far sales have fallen from their peak.Somehow, this makes for a perfect time for social networks like twitter, redditand Facebook/Instagram belatedly jumping in — according to Reddit’s CEO The secret is not to say NFT.

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