Users of Facebook and Instagram in the United States may now share Ethereum, Flow, and Polygon NFTs.
All American users may connect a cryptocurrency wallet to Meta and display their owned NFTs on either social platform.
Tech colossus Meta today declared that, as part of its ongoing deployment, NFT collectables support is now accessible to all Facebook and Instagram users in the United States.
In May, Meta started enabling NFT support on its platforms with Instagram, and in June, it added support for Facebook. In both instances, the company began with a small pool of consumers but with time, the number of users has progressively increased.
Everybody in the United States may now display their NFTs, joining users in almost 100 other nations across Asia-Pacific, Africa, the Middle East, and the Americas.
With support for Solana coming soon, the functionality presently supports collectibles from the Ethereum, Flow, and Polygon blockchains. MetaMask, Dapper Wallet, Coinbase Wallet, Rainbow, and TrustWallet wallet connections are supported on Facebook and Instagram. Both mobile apps’ settings menus have a “digital collectibles” area where you may access the function.
The business unveiled a cross-posting function in August that enables customers to display NFT items on their Facebook and Instagram pages. The capability, according to Meta, demonstrated the “interoperability” of NFT assets that may connect to other platforms.
A blockchain token called an NFT stands for ownership of a certain digital object. Digital treasures, artwork, and interactive video game things are a few of the common application cases. Over the course of 2021, the NFT market generated about $25 billion in trading activity.
While the prices for several of the best NFT collections have dropped, overall sales volume has decreased noticeably. Even yet, large sales haven’t fully halted; only yesterday, artist Tyler Hobbs sold NFTs for about $17 million, while a single CryptoPunks NFT went for almost $4.5 million in ETH.
The social media behemoth outlined its vision for the future, and its NFT push is part of bigger metaverse goals. NFTs will be used in Meta’s metaverse, although it is yet unknown how open that platform will be in the future or whether it will be compatible with other metaverse worlds and games.
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