Meta expands support for NFT on Instagram

Meta CEO Mark Zuckerberg announced that the company will expand support for NFT on Instagram. By doing so, users in more than 100 countries in Africa, Asia-Pacific, the Middle East, North and South America will be able to share their NFT on Instagram.

Prior to the expansion, support was only available to users in the United States. Meta also announces that Coinbase and Dapper Wallet wallets will also be accepted on the social network

To publish a collection to Instagram, you must connect your wallet to it. Instagram currently supports Rainbow, MetaMask, Trust Wallet, Coinbase Wallet and Dapper Wallet wallets. It also supports Ethereum, Polygon and Flow blockchains. There is no charge for posting or sharing digital collectibles on Instagram. At least for now.

What are Meta’s future plans for NFT

Recall that Mark Zuckerberg has already announced that Meta will continue to work on 3D NFT. Users can add them to Instagram stories using Spark AR. The ability to show and share their digital collectibles as AR stickers in Instagram Stories is now implemented. Meta points out that this is all to support NFT creators looking to monetize their creations.

The expansion of functionality with NFT on Instagram comes a few weeks after Meta began testing NFT with some creators on Facebook.

Who else besides Meta is working with NFT

Meta isn’t the only platform working with NFT. Twitter has already included NFT images in profiles for its select users. YouTube may soon take similar steps. YouTube indicated that they can use Web 3.0 technology, as well as NFT in order to the authors of the content can get money for it. For its part, the Reddit platform has already launched an NFT-based avatar marketplace.

Thus, NFT is becoming an increasingly valuable tool for large platforms. Thanks to them, they expand their client base and increase profits. In all likelihood, in the near future the number of platforms that will seek to include NFT in their functionality will become even greater.

Irina Dudak

News correspondent of the cryptocurrency and blockchain market.
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