Meta-owned Instagram has announced that the NFT feature will now be available “in 100 more countries,” along with the integration of Coinbase Wallet, Dapper Wallet, and the Flow blockchain.
Regions now include the Americas, Asia Pacific, the Middle East and Africa.
Meta (formerly Facebook) began testing the feature for the first time in July. The feature that allows Instagram users to view the NFT groups they own was previously only available in the US to a limited number of creators.
To publish an NFT, users need to link their account to a digital wallet. The social media platform currently supports Ethereum chains, Polygon, Flow, and third-party wallets such as MetaMask, Trust Wallet, Coinbase Wallet, Rainbow, and Dapper Wallet.
“Every day, creators inspire people and advance culture around the world. With the incredible opportunity of blockchain technology, they can now take advantage of new tools to earn income, and fans can support their favorite creators by purchasing digital collectibles – art, photos and videos, music , or trading cards – as non-fungible tokens (NFTs),” Advertising is reading.
Facebook, which has had repercussions in public perception after a series of scandals over data ownership and use, underwent a rebranding in October 2021, changing the company’s name to Meta and announcing its plans to focus on online interactions, building the metaverse and rendering reality. Labs, a division responsible for building applications and devices for the digital space.
Despite the lofty intentions about digital reality, public perception was still skeptical, with 77% of people not wanting Meta to be the one building Metaverse, and opting for a decentralized platform to do so.
The company also demonstrated its intent to grow with a recent trademark filing. Meta filed five new trademark applications with the US Patent and Trademark Office on May 13, including an application for a crypto payment platform.
“Provide a financial exchange for trading digital currencies, virtual currency, cryptocurrencies, digital and blockchain assets, digital assets, digital tokens, crypto tokens, and utility tokens,” the app says.
The company’s latest release earning report It states that it lost $2.8 billion to its Reality Labs division during the second quarter, missing analysts’ overall expectations.
All information on our website is published in good faith and for general information purposes only. Any action the reader takes regarding the information on our website is at his or her own risk.