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Meta Launches Instagram NFT Feature in 100 Countries

Meta Launches Instagram NFT Feature in 100 Countries

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Instagram is now NFT-friendly in 100 countries around the world.

Meta, the California-based multinational technology company formerly known as Facebook, was announced the expansion of its non-fungible token (NFT) Instagram feature.

By ad distributed on August 4, the company is want to expand support for the NFT feature internationally. In its blog post, the company stated that NFT sharing functionality is available 100 countries in Africa, Asia Pacific, Middle East and America.

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Back in May, Meta announced that they are begins testing digital collectibles integration with a handful of US content creators and collectors.

The new feature allows users to connect their digital wallets to Instagram and share their NFT files in Instagram feeds, stories or posts.

Additionally, earlier Zuckerberg announced that Meta plans to create 3D NFTs that can be displayed on Instagram Stories using the company’s AR platform. It seems that Meta has achieved its goal. A new Instagram feature gives users the option display their NFTs as AR stickers on their Instagram Stories.

Once the user has submitted their non-redeemable ID, Instagram will send it automatically tag the creator and collector while displaying public information about the NFT. According to Meta, there are no additional fees for uploading digital collectibles to Instagram.

With the expansion of this feature, Meta also added Coinbase Wallet and Dapper Wallet to the list of compatible third-party wallets. This list also includes Rainbow, MetaMask and Trust Wallet. The feature supports Ethereum, Polygon and Flow blockchains.

Meta’s Instagram is not the only social media platform that uses NFTs in its operations. Earlier this year, Twitter allowed premium users to change their profile picture to NFT. Reddit has also joined the group and introduced an NFT-based marketplace where users can buy blockchain-based profile pictures for a fixed price.

Finally, YouTube CEO Susan Wojcicki has stated that there will be a platform looking for ways to use Web3 technology to help YouTube users earn money.

Gile K. - cryptanalyst

by Gile K. – Crypto Analyst, BitDegree


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