Meta adds NFT support for Instagram in 100 new countries

Mark Zuckerberg, the CEO of Meta, said that the company is going to add NFT support to Instagram around the world. Shortly after the social network's first NFT test launch in May, the network is now expanding.

Aug 8, 2022
by Anvi Saini
Meta adds NFT support for Instagram in 100 new countries
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This expansion will allow users and companies in more than 100 nations in Africa, Asia-Pacific, the Middle East, and the Americas to share their NFTs on Instagram. Support was previously only offered to a select group of creators in the United States.

Flow Token rises 45% as Meta uses it for Instagram NFTs

Also, the company said that the Coinbase Wallet and the Dapper Wallet can now be used as third-party wallets. Instagram is also adding Flow to the list of blockchains that it supports.

Instagram's NFT feature lets users link a digital wallet, share NFTs, and automatically tag both the creator and the collector so that they can get credit. You can post NFTs on your main Instagram feed, in your Stories, or in a message. When you post a digital collectible, it will have a shimmering effect and can show public information, like a description of the NFT.

To post a digital collectible on Instagram, you must first connect your digital wallet. Third-party wallets such as Rainbow, MetaMask, Trust Wallet, Coinbase Wallet, and Dapper Wallet can be linked to Instagram. Ethereum, Polygon, and Flow are all supported blockchains. According to the social network, posting or sharing a digital collectible on Instagram is free.

The company said the following during its initial NFT test launch in May, 

“We understand that blockchain technology and NFTs raise important questions on sustainability. Meta will help reduce the emissions impact that might be associated with the display of digital collectibles on Instagram by purchasing renewable energy.”

Zuckerberg stated earlier this year that Meta will work on augmented reality NFTs or 3D NFTs for Instagram Stories using Spark AR, the company's software AR platform. In addition, the company announced that users will soon be able to display and share their digital collectibles using AR stickers in Instagram Stories.

Meta stated that it intends to broaden access to web3 technology via NFTs, as well as to assist creators who want to profit from their work and build a community with their fans and collectors.

The Instagram expansion comes only a few weeks after Meta began testing NFTs with a small group of Facebook creators.

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