Currently, the supported blockchains are Ethereum, Polygonand Flow. However, it is the wallets that will be able to interact with this new feature MetaMask, Coinbase walletRainbow, Trust Walletand Great wallet.
Soon, that Solana blockchain will also be added, resulting in the implementation of The Phantom wallet.
Among the most interesting functions is the possibility of automatic tag the creator and owner of NFT. This, of course, if the user’s privacy settings allow it.
Of course, there will be rare cases when the creator will not allow it, as it is their right not to.
In addition, Meta has decided not to impose additional fees on Non-working token sharing activities.
This choice represents an important turning point because it lowers the barriers to entry and facilitates access to this new world, especially for less experienced users.
Just yesterday Meta updated its mail regarding this new initiative, reports:
“As we continue to roll out digital collectibles on Facebook and Instagram, we’ve started giving people the ability to post digital collectibles they own on both Facebook and Instagram. This will enable people to connect their digital wallets once to both apps to share their digital collectibles across both.”
Share your NFTs on Facebook and Instagram
Initial testing and Meta’s continued expansion into the NFT market
Originally, this feature was only enabled for a select and small number of American creators and collectors. The aim, as with all new projects, was to carry out the necessary tests before opening the doors to the whole market.
For those curious to see it all in action, selected profiles include @adambombsquad, @bluethegreat, @bossbeautiesnft, @c.syresmith, @cynthiaerivo, @garyvee, @jenstark, @justmaiko, @maliha_z_art, @misshattan, @ nopattern, @oseanworld, @paigebueckers, @phiawilson, @swopes and @yungjake.
Among them, @maliha_z_art expresses joy at being chosen as one of the test accounts:
“I’m excited to share my NFT journey with the community I’ve cultivated on IG for over ten years! I love how this new feature allows collectors to trace the art back to the artist and be part of the community that they’ve built on IG so long. I also love how it bridges the gap between my traditional art community and the Women Rise NFT community.”
The NFT tests conducted on Instagram
The 4th of August was, however internationalexpansion to 100 countries, which covers almost the entire globe, began. The areas chosen are actually Africa, the Middle East, Asia-Pacific, Canada, the United States and South America.
Social networks are accelerating the expansion of the NFT industry
Metawith regard to both Instagram and Facebook, boasts more than 3 billion users. This means that this new implementation could potentially bring the NFT industry to mass adoption faster than previously thought.
Also, it’s no coincidence that Meta decided to launch this new feature, given the path it’s taken to expand to metaverse and the world of digital assets.
However, major competitors have not hesitated for a second to make the same choice. Some are actually even further ahead in testing, and everyone is trying to outrun the others secure a large market share in this rapidly growing sector.
Twitter has already for a few months introduced the possibility of using ens NFT as profile picture.
Reddit, on the other hand, has even created a special portal, called “Reddit Avatar Builder”, where users can create an avatar and create it, finally, in NFT format.
Suffice it to say that the first four digital avatars they created, which belong to “CryptoSnoos” collection, was sold for a record $1,627,500.
Finally, the world’s most popular social forum has launched a marketplace for NFT avatars on the Polygon blockchain, which, as in the case of Twitter, can be used as profile pictures.
Latest news at Horizon
Vivek Sharmavice president of Meta’s virtual reality platform, the main gateway to the metaverse, is leaving the project for a new opportunity.
Sharma was responsible for the development of the persistent and immersive virtual environment, primarily accessible through the company’s Oculus devices. The departure comes after harsh criticism in recent days of the graphic quality in Horizon’s world.
