[ad_1]
Key Takeaways
Meta is expanding its NFT integration plans to Facebook.
While the announcement was short on details, it is likely that Facebook will integrate to the same blockchains and wallets as Instagram.
This is the latest move on Meta’s part to integrate to Web3 and develop its own Metaverse.
Share this article
According to a new statement from Meta, Facebook users can now connect their crypto wallets to the platform and share their NFTs.
NFTs on Facebook
Meta is forging ahead with its NFT plans.
The social media giant stated today that Facebook users will now be able to connect digital wallets to share their NFTs on the platform. Meta had previously declared that it would expand its Instagram NFT integration pilot to 100 countries in Africa, Asia-Pacific, the Middle East, and both North and South America.
While today’s announcement did not clarify which blockchains and wallets would be supported, Facebook’s NFT integration will likely be the same as Instagram’s. If this is the case, it would mean that Rainbow, MetaMask, Trust Wallet, Coinbase Wallet, and Dapper Wallet would all be connectable, with accepted blockchains limited to Ethereum, Polygon, and Flow.
Meta did not indicate whether the Facebook integration would be a pilot program or if it would have the same reach as the Instagram program. It also did not mention whether Europe would be added to the list of supported continents and whether other major NFT blockchains, such as Solana, were planned for integration. Though the statement also did not mention any fee structures, it would appear unlikely that any will be introduced if the Instagram NFT program is any indication.
Previously known as Facebook, Meta declared it would develop its own Metaverse when it rebranded itself to its new name last October. The move has been met with skepticism from the crypto community, with Ethereum creator Vitalik Buterin claiming that Meta’s plans would “misfire” as “it’s far too early to know what people actually want [from a metaverse].”
Disclosure: At the time of writing, the author of this piece owned ETH and several other cryptocurrencies.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
[ad_2]
Source link
Be the first to comment