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Meta: Instagram And Facebook Users Can Now Post NFTs From Their Digital Wallets

The consumers of both Instagram and Facebook are permitted by the parent firm Meta to post NFTs as well as digital collectibles to the accounts in their possession by connecting their wallets. In an update on Monday, Meta noted that nearly 2.9B consumers of the social media giant would be allowed to share their NFTs as well as collectibles.

Meta Lets Instagram and Facebook Customers to Post NFTs Directly from Wallets through a Linkage

The declaration was witnessed after the update of 4th August where the platform stated that it will enable Instagram consumers in up to 100 countries to post their digital collectibles (the minting of which has been carried on the blockchain named Flow or else come from the wallets that support Polygon or Ethereum blockchains) to the accounts thereof. According to an estimate, these consumers were between 1 to 2 billion during the 2nd quarter of this year.

Meta mentioned that as they keep on introducing their digital collectibles via Instagram and Facebook, they have initiated providing people the capability to post the digital collectibles owned by them across both venues. The platform added that the respective move will let the people link the digital wallets for one time to any of these applications and post the digital collectibles between both forums.

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Linking the digital wallets to any of Instagram or Facebook appears to be restricted to the applications instead of via the 3rd-party browsers. Nonetheless, spreading the span of the non-fungible tokens to the entirety of the smartphones just by having installed one of the applications of Meta could pave the way toward the extra gains or expansion within the social media company’s adoption.

Meta CEO Still Enthusiastic for Digital Asset Space after Its Stablecoin Failure

In recent May, applications have also been filed by Meta under the United States Patent and Trademark Office for the namesake of the social media giant to be utilized in Meta Pay (a venue for crypto payments). The idea of introducing a unique stablecoin was abandoned by Meta in February following going through severe pushback on the behalf of the regulatory authorities across the globe.

Nevertheless, Mark Zuckerberg (its CEO) disclosed that there was a great opportunity to gain more than a trillion dollars with the growth of the world of digital assets. The social media firm reported a decline of approximately 1% in its year-over-year revenue during this year’s 2nd quarter.

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Mubashar Nawaz (United Arab Emirates)

Mubashar Nawaz is an experienced crypto writer working for Tokenhell. Having passion for writing, he covers news articles from blockchain to cryptocurrency.

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