Meta (formerly Facebook) is incorporating the Flow blockchain into its NFT support services in 100 countries
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Answer Meta (formerly Facebook) is incorporating the Flow blockchain into its NFT support services in 100 countries
Meta (formerly Facebook), which is one of the major social media platforms, announced the support of non-fungible tokens (NFT) for Instagram content creators and companies in 100 countries while also supporting and integrating the Flow blockchain, Coinbase wallet and dapper within its services provided .
According for a recent blog Published on Thursday (August 4, 2022), Instagram users in 100 countries in Asia Pacific, Africa, the Americas and the Middle East will be able to view their digital holdings.
The latest development comes on the heels of an earlier test that took place in May 2022.
Meta stated that posting and sharing NFT on Instagram comes without fees.
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Additionally, Meta revealed that the platform will support select blockchain wallets and networks.
As an excerpt from the ad:
As of today, we support connections to third-party wallets, including Rainbow, MetaMask, Trust Wallet, Coinbase Wallet, and soon Dapper Wallet.
Currently supported blockchain networks include Ethereum, Polygon, and Flow.
After supporting the NFT running on the Flow blockchain from Meta, the price of the digital currency FLOW increased by 40%.
This announcement is the latest from Meta in its efforts to make a significant imprint in the emerging metaverse market.
Meta told in July that users will soon be able to view the NFT on Facebook.
Commenting on this, Vitalik Buterin, one of the founders of Ethereum, said that the companies that create “Metaverse” projects will not go anywhere and things will not go as they plan for!
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