Why Meta is expanding NFT support to 100+ countries


Meta CEO and Facebook co-founder Mark Zuckerberg announced the expansion of its non-fungible token (NFT) capabilities for Instagram. Deployed on May 10, 2022, this enables users to showcase their digital collectibles on social media.

The feature will be available in more than 100 countries for users in Asia, Africa, the Middle East and the Americas. This will enable content creators to “take advantage of new tools to earn income” and connect with their followers in innovative ways. Official update.

The Zuckerberg-led company also announced that they will support connections to Coinbase Wallet and Dapper Wallet as well as integration with the Flow blockchain. The latter celebrated the news via their official Twitter account.

The team behind the Flow blockchain Say:

Our partnership with Instagram is starting to roll out, which means some users can now connect their Dapper wallets and showcase their favorite NFTs directly on their account! Access will be rolling out throughout the month, so get ready for Flow On Instagram.We’re excited to give everyone a new way to share part of their identities on Instagram. This partnership reflects Flow by providing the right foundation to support consumer-scale NFT adoption, leading to developers, creators Empathy for readers and users

NFT functionality is already compatible with MetaMask, Trust Wallet and other crypto wallet service providers. As a result, users can connect for free to Ethereum (the most used blockchain for NFTs) and its second layer scalability solution Polygon and now the Flow blockchain.

In the process of allowing users to share NFT-based items with their followers, the company said the following:

In order to post digital collectibles, all you need to do is connect your digital wallet to Instagram. As of today, we support connections to third-party wallets, including the upcoming Rainbow, MetaMask, Trust Wallet, Coinbase Wallet, and Dapper Wallet.

Will NFT collectibles change the social media experience?

The NFT feature on Instagram will allow content creators to tag other users and automatically give them credit for collaborating. Digital assets on the platform will have distinct features, such as a shimmer effect with options to display additional information, as shown in the image below.

NFT Instagram META 1
Source: Yuan

In addition to Ethereum, Polygon, and Flow, these features will be integrated with Solana-based NFTs in the coming months. Additionally, Meta is working on adding new wallets and Phantom wallets for future integrations.

The Zuckerberg-led company added the following regarding their efforts to provide users with access to the crypto space:

Crucially, our early efforts in this space empowered diverse voices and underrepresented groups to gain access to emerging digital assets such as NFTs. By building support for NFTs, we aim to increase accessibility, lower barriers to entry, and help make the NFT space more inclusive for all communities.

At the time of writing, Ethereum (ETH) is trading at $1,620, down 2% over the past 24 hours.

EthereumETHETHUSDTNFT
The price of ETH traded sideways on the 4-hour chart. resource: ETHUSDT trading view





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