Instagram launches the NFT feature in 100 more countries


Regions now include the Americas, Asia Pacific, the Middle East, and Africa. Meta (formerly known as Facebook) began testing the feature in July. The feature, which allows Instagram users to showcase their NFT collections, was previously only available to a limited number of creators in the United States.

Many digital wallets are supported

To publish an NFT, users need to link their account to a digital wallet. The social media platform currently supports Ethereum, Polygon and Flow blockchains, as well as third-party wallets such as MetaMask, Trust Wallet, Coinbase Wallet, Rainbow, and Dapper Wallet.

Every day, creators inspire people and promote culture around the world. Thanks to the incredible convenience of blockchain technology, they can now leverage new tools to earn money, and fans can support their favorite creators by purchasing collectible digital art, images and videos, music or trading cards such as non-fungible ethers (NFTs). announcement.

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Shaken by a series of data ownership and usage scandals, Facebook was renamed in October 2021, changing the company name to Meta and announcing plans to focus on online interactions and build Metaverse and launch Reality Labs, the department responsible for creating applications and hardware for the digital space.

Despite the noble intentions of digital reality, public opinion remains skeptical: 77% of people do not want Meta to build a metaverse and opt for a decentralized platform.

Metafiles know brands

With a recent trademark registration, the company has shown its willingness to develop. On May 13, Meta filed five new trademark applications with the U.S. Patent and Trademark Office, including an application for a cryptocurrency payment platform.

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“The patent application is for the provision of a financial exchange for trading digital currency, virtual currency, cryptocurrency, digital and blockchain assets, digitized assets, digital aethones, cryptographic aethones and utilitarian aethones.”

The company’s latest earnings report says its Reality Labs division lost $ 2.8 billion in the second quarter, missing analyst consensus expectations.

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