Meta, the parent company of Facebook and Instagram, continues to expand its NFT capabilities and has now announced a new development . As of September 29, all users of both platforms can connect wallets and share non-fungible tokens (NFTs) in 100 countries.
The feature has been in testing since May, and users can tag creators and collectors and share digital collectibles between platforms without paying any fees.
In August, Meta gradually began allowing users to post digital collectibles they own on Facebook and Instagram, and announced expansion into Africa, Asia Pacific, the Middle East and the Americas.
The company also supports third-party wallets such as Rainbow, MetaMask, Trust Wallet, Coinbase Wallet, and Dapper Wallet, as well as the Ethereum, Polygon, and Flow blockchains.
Several Twitter users at the time raised concerns about security and privacy when connecting Meta's digital wallets to the platform. In April 2021, the personal data of over half a billion Facebook users was published on a well-known hacker forum.
According to Statista, Facebook and Instagram have 2.9 billion and 1.4 billion monthly active users, respectively.
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