Skip to main content

Instagram offers NFT features in over 100 countries



 Instagram, a subsidiary of Meta, announced the launch of some new NFT features.


The NFT features will appear “in more than 100 countries”. In addition, Meta will integrate a Coinbase wallet, Dapper wallet and the Flow blockchain. The offering will be available in North and South America, Asia Pacific, the Middle East and Africa, among others.


Meta (formerly known as Facebook) started testing some NFT features in July 2022. Some US content creators agreed to test it. The new features allow Instagram users to showcase NFT collections they own. Furthermore, creative people should also benefit from the NFT integration.


“Every day, creators inspire people and push cultures around the world. With the incredible possibilities of blockchain technology, creators can now use new tools to generate income, and fans can support their favorite creators by offering digital collectibles - art, pictures and videos, music or trading cards - in the form of non-fungible tokens (NFTs), ” the announcement said .


To post an NFT, users must connect their account to a digital wallet . The social media platform supports the Ethereum , Polygon and Flow blockchains as well as third-party wallets such as MetaMask , the Trust Wallet, Coinbase, the Rainbow Wallet and the Dapper Wallet.


Meta accepts high losses

Facebook, whose image has suffered after a series of data scandals, underwent a rebrand in October 2021 , during which the company changed its name to Meta. Afterwards, Meta announced that it would focus on online interactions and building a Metaverse in the future . For this, Meta founded the Reality Labs department, which specializes in the development of apps and hardware for the digital space.


According to Meta, it is willing to accept big losses for the development of the Metaverse. The latest quarterly results show that the company invested $2.8 billion in the development of the Reality Labs division without generating any revenue.


The company once again demonstrated its determination to grow with a recently filed trademark application. Meta filed five new trademark applications with the US Patent and Trademark Office on May 13, 2022 , including an application for a crypto payment platform . The registration says:


“Meta will offer a financial exchange for trading digital currencies, virtual currencies, cryptocurrencies , digital and blockchain assets, digitized assets, digital tokens, crypto tokens and utility tokens”


Despite the ambitious intentions surrounding the new digital reality, the public remains skeptical. 77% of a poll didn't want meta to build the metaverse. Instead, respondents favored a decentralized platform to fill that role.


Disclaimer

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general information purposes only. Any action taken by the reader based on the information found on our website is entirely at their own risk.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more