Instagram's NFT capabilities have now expanded their reach to 100 new nations.

This morning, Meta made headlines as they unveiled unexpected developments in their NFT journey, which they've been cultivating since early 2022. integrating blockchain tech Meta initially introduced these experimental programs targeting a select group of creators in the United States like Swope and Jen Stark. Now, they’re broadening this initiative to include 100 countries across Africa, Asia-Pacific, the Middle East, and the Americas. Facebook at the start of July. 

Moreover, we’ve started supporting wallet connections with popular options like Coinbase Wallet and Dapper, allowing users to share their digital collectibles easily. Boss Beauties In their recent announcement, which followed an earlier blog post on NFTs from May, Meta highlighted these advancements.

As of now, third-party wallets like Rainbow, Trust Wallet, and Coinbase Wallet are supported, with Dapper Wallet on the way. Current blockchains integrated into the system include Ethereum, Polygon, and Flow. Flow blockchain, The inclusion of Flow aligns with Meta's broader strategy, as this layer-1 blockchain, utilizing the FLOW token, has also collaborated with notable partners like Warner Music. update Users can enjoy posting or sharing digital collectibles on Instagram without any fees; simply link your digital wallet to get started. It's worth mentioning that Instagram isn't designed to function as an NFT marketplace just yet. Instead, users can share NFTs on their photo feeds, in stories, and through messages while also tagging creators and collectors. Once shared, a digital collectible will exhibit a unique shimmer effect along with public details like a description.

To celebrate this milestone and remind everyone of his humanity, Meta's CEO shared an old little league baseball card, now transformed into an NFT, which someone recently sent him. MetaMask While nostalgia might grab attention, the authenticity of this nostalgic piece doesn’t necessarily make it a noteworthy subject in itself. Maybe get a second opinion from someone else.

Instagram users can look forward to seeing augmented reality (AR) and 3D NFTs making their debut in Stories, powered by Meta's augmented reality software. As reported by TechCrunch, Meta has begun the rollout of AR stickers for showcasing digital collectibles in Instagram Stories. the NBA , Binance, and many more. 

It appears that digital assets are becoming a cornerstone for Meta’s growth strategy. In the second quarter of 2022, the company experienced a year-over-year revenue decline of 1% to reach $28.8 billion, while operating income fell by 32% to $8.36 billion. TechCrunch said. 

Meta CEO Mark Zuckerberg posted on Facebook Mark Zuckerberg has openly discussed the increasing competition they face from Web3 and its various entities. Meta is investing heavily in this area, effectively pursuing their vision amidst potential antitrust challenges. Coinbase Meta isn't the only player in this evolving arena. Competitors such as YouTube and Reddit are making significant strides, and their measured collaboration could ensure a balanced environment where no single platform could monopolize the Web3 landscape, which is built on decentralized principles.  

Layne Lafrance, product manager at Flow for Dapper Labs, and co-creator of CryptoKitties, remarked on the forthcoming integration of NFTs into Instagram as confirmed by Zuckerberg. Metropolis Comics & Collectibles for the backstory, as he suggests. 

Meta is venturing into Ethereum and Polygon NFTs on Facebook, which introduces exciting new possibilities. Spark AR Please note, the information provided here should not be construed as legal, tax, investment, or any form of advice. It is essential to invest only what you can afford to lose and seek guidance from an independent financial advisor if uncertain. For further clarity, you might want to review the terms and conditions as well as the help and support sections indicated by the issuer or advertiser. MetaversePost strives for accurate and impartial reporting, although market dynamics may change unexpectedly.

Vittoria Benzine, an art writer based in Brooklyn, focuses on contemporary art narratives, exploring themes related to human contexts, counterculture, and chaos magic. She contributes to several publications such as Maxim, Hyperallergic, and Brooklyn Magazine. Cointelegraph Blum marks its one-year anniversary by receiving accolades for 'Best GameFi App' and 'Best Trading App' at the Blockchain Forum 2025.

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