Facebook users will be able to publish NFTs and see them on their accounts, according to a statement from Meta. Users may now share their NFTs by linking their wallets to Facebook and Instagram.
Meta Making NFTs Accessible to a Larger Audience
Social media giant Meta has integrated non-fungible tokens (NFTs) into their major social media platforms. According to Meta, NFT developers can now display their collectibles on Facebook and Instagram. The platforms will support third-party wallets such as Ethereum, Polygon, and Flow blockchains. Trust Wallet, Rainbow Wallet, Coinbase Wallet, Dapper Wallet, and MetaMask Wallet. It also supports Coinbase Wallet and Dapper. Users will be able to post their digital collectibles minted on the Flow blockchain.
According to an updated blog post, a few select US creators and collectors will participate in a trial to share NFTs they have created or bought. It further adds that there are plans to expand to 100 countries in Africa, Asia-Pacific, the Middle East, and the Americas. All these are plans to make NFTs functional and widely accessible to users outside of the United States.
At Meta, we’re looking at what creators are already doing across our technologies in order to improve the experience, help them create more monetization opportunities, and bring NFTs to a broader audience.
Meta explains in the blog post that uploading or distributing NFTs is free of charge. Although there isn’t enough information on this, there are also reports that Meta intends to introduce its own NFT marketplace.
NFT News Excites Crypto Community
The recent news has crested mixed reactions on social media, with some applauding the switch to web3. Some were eagerly asking for a date when the feature will be available for all users.
However, others are cautious because of Meta’s past issues. It is obvious that this is the future CEO Mark Zuckerberg envisions for the business given how heavily Meta has invested in the metaverse. Though it has had a significant negative impact on the company’s operations, it has undertaken several research and development efforts in this regard.