Meta is expanding NFT support on Instagram to 100 countries – Meczyki.Net

Meta CEO Mark Zuckerberg announced today that the company is beginning its international expansion of NFT support on Instagram. The expansion follows the social network’s initial NFT test launch in May. With this expansion, users and businesses in over 100 countries in Africa, Asia-Pacific, the Middle East and the Americas will now be able to share their NFTs on Instagram. Prior to the expansion, support was only available to select creators in the United States.

The company also announced today that Coinbase Wallet and Dapper Wallet are now accepted as compatible third party wallets for use. Instagram is also expanding its backed blockchain to include Flow.

Instagram’s NFT functionality allows users to connect a digital wallet, automatically tag both creators and collectors for NFT sharing and attribution. You can share NFT to your main Instagram feed, Stories or Messages. Once you post a digital collectible, it will have a flickering effect and may display public information, such as the details of NFTs.

To post digital collectibles on Instagram, you must connect your digital wallet to Instagram. To date, Instagram supports connections with third-party wallets including Rainbow, MetaMask, Trust Wallet, Coinbase Wallet, and Dapper Wallet. Supported blockchains include Ethereum, Polygon, and Flow. The social network notes that there are no fees associated with posting or sharing digital collectibles on Instagram.

Earlier this year, Zuckerberg said that Meta is going to be working on augmented reality NFTs, or 3D NFTs, that you can bring to Instagram Stories using Spark AR, the company’s software AR platform. Today, the company revealed that it is starting to allow people to display and share their digital collectibles as AR stickers in Instagram Stories.

Meta says today’s expansion reflects its work to expand access to Web3 technology via NFTs, and support creators who want to monetize their work and build community with their fans and collectors. want to build.

“We understand that blockchain technology and NFTs raise important questions about sustainability,” the company said during its initial NFT trial launch in May. “Meta will help reduce emissions impact by purchasing renewable energy that can be associated with the display of digital collectibles on Instagram.”

Instagram expanded after Meta began testing NFTs with select creators on Facebook. At the time, the company said it would not provide the ability to convert digital collectible posts into commercials for now.

Instagram’s NFT functionality expansion arrived earlier this year for premium users in the form of Twitter enabled NFT profile pictures. Instagram and Twitter aren’t the only digital giants looking to adopt NFTs, as YouTube CEO Susan Wojcicki suggested that the platform could adopt Web3 technologies, including NFTs, as a means of helping YouTube creators make money. In addition, Reddit recently launched a new NFT-based avatar marketplace that allows users to purchase a blockchain-based profile picture for a fixed rate.