Facebook and Instagram users will be allowed to share NFTs through the link of their wallets
In recent developments, both Facebook and Instagram users will be allowed to post non-fungible tokens (NFTs) and digital collectibles to their accounts through the linking of their wallets, as reported by Cointelegraph.
Based on information from Cointelegraph, via a blog post, Facebook’s parent company Meta said that nearly 2.9 billion users of the social media platform will be allowed to share collectibles. digital and NFT. After the announcement, a Meta update mentioned that Instagram users in 100 countries will be able to post minted digital collectibles on the Flow blockchain or from wallets that support Ethereum or Polygon blockchains to their accounts. , which is estimated between one billion and two. billion users for the second quarter of 2022.
“As we continue to roll out digital collectibles on Facebook and Instagram, we’ve started giving people the ability to post digital collectibles they own on Facebook and Instagram. This will allow people to connect their wallets digital once to either app in order to share their digital collectibles between the two,” Meta said in a statement.
Additionally, Cointelegraph noted that the connection between digital wallets and Facebook or Instagram appears to be limited to apps rather than third-party browsers. However, extending the reach of NFTs to smartphones with one of Meta’s apps installed could result in additional revenue. In May, Meta filed applications with the United States Patent and Trademark Office for use in the cryptocurrency payment platform called Meta Pay. Although Meta did not unveil its own stablecoin in February after facing a pushback from global regulators, Mark Zuckerberg, CEO of Meta, spoke about the opportunity to earn trillions of dollars in the space. digital assets with its growth. In the second quarter of 2022, the company reported a 1% decline in revenue year over year.
(With information from Cointelegraph)
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