Meta Expands Instagram NFT Support to 100 Countries – TechCrunch

Meta CEO Mark Zuckerberg announced today that the company has begun its international expansion in NFT on support Instagram. Expansion follows social network Initial NFT test launch in May. With this expansion, users and companies in more than 100 countries in Africa, Asia Pacific, the Middle East and the Americas will now be able to share their NFTs on Instagram. Prior to the expansion, support was only available to select US creators.

The company also announced today that Coinbase wallet And Dapper Wallet is now accepted as a compatible third party wallet to use. Instagram is also expanding its supported blockchains to Flow.

Instagram’s NFT functionality allows users to connect a digital wallet, share NFTs, and automatically tag both the creator and collector for attribution. You can share NFTs in the main Instagram feed, Stories, or in Messages. Once a digital set is published, it will have a flicker effect and can display general information, such as an NFT description.

To post digital collectibles on Instagram, you need to connect your digital wallet to Instagram. As of today, Instagram supports connections to third-party wallets including Rainbow, MetaMask, Trust Wallet, Coinbase Wallet, and Dapper Wallet. Supported blockchains include Ethereum, Polygon, and Flow. The social network notes that there are no fees associated with posting or sharing a digital group on Instagram.

earlier this year, Zuckerberg said Meta will work on augmented reality NFTs or 3D NFTs, which you can bring to Instagram Stories using Spark AR, the company’s proprietary AR software platform. The company revealed today that it has started allowing people to view and share their digital holdings as augmented reality stickers on Instagram Stories.

Meta says today’s expansion reflects its work to expand access to web3 technology through NFTs, and support creators who want to monetize their work and build a community with their fans and collectors.

“We understand that blockchain technology and NFTs raise important questions about sustainability,” the company said during the initial NFT test launch in May. “Meta will help reduce the emissions impact that may be associated with displaying digital collectibles on Instagram through the purchase of renewable energy.”

The expansion on Instagram comes a few weeks after the Meta began testing NFTs With select creators on Facebook. At the time, the company said it would not provide the ability to convert digitally collectible publications into advertisements at this time.

Expanding the NFT function in Instagram comes as follows Twitter enabled NFT profile pictures for premium users earlier this year. Instagram and Twitter aren’t the only digital giants looking to embrace NFTs, like YouTube CEO Susan Wojcicki Suggest that the platform It may adopt Web 3 technologies, including NFTs, as a way to help YouTube creators make money. Plus, Reddit recently Launched a new avatar based on NFT A marketplace that allows users to purchase blockchain-based profile pictures at a fixed price.