{"id":12741,"date":"2022-08-04T17:48:00","date_gmt":"2022-08-04T17:48:00","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/meta-enables-instagram-nft-integration-in-over-100-countries\/"},"modified":"2022-08-04T17:48:01","modified_gmt":"2022-08-04T17:48:01","slug":"meta-enables-instagram-nft-integration-in-over-100-countries","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/meta-enables-instagram-nft-integration-in-over-100-countries\/","title":{"rendered":"Meta enables Instagram NFT integration in over 100 countries"},"content":{"rendered":"

<\/p>\n

\n

According to a Meta newsroom post updated on Thursday, the Mark Zuckerberg-led company has begun its nonfungible token (NFT) expansion across 100 countries in Africa, the Asia-Pacific, the Middle East and the Americas. This includes adding support for wallet connections with Coinbase Wallet and Dapper as well as the ability to post digital collectibles minted on the Flow blockchain. The initial rollout targets the popular social media app Instagram.<\/p>\n

One needs to simply connect their digital wallet to Instagram to post an NFT, the company said in its updated post. Third-party wallet integrations with Rainbow, MetaMask, Trust Wallet, Coinbase Wallet and Dapper Wallet are either complete as of Thursday or are coming soon. Supported blockchains at this time are Ethereum, Polygon and Flow. There are no fees associated with posting or sharing a digital collectible on Instagram.<\/p>\n

\n

Mark Zuckerberg announced we\u2019re rolling out digital collectibles to 100 more countries. Now, more people, creators and businesses can showcase their #NFTs<\/a> on @instagram<\/a>.<\/p>\n

We’re also launching integrations with @CoinbaseWallet<\/a> @hellodapper<\/a> and support for @flow_blockchain<\/a>.<\/p>\n

\u2014 Meta Newsroom (@MetaNewsroom) August 4, 2022<\/a><\/p><\/blockquote>\n

Flow is a layer-1 blockchain with its namesake FLOW token acting as tender for network participation, transactions and governance. Notable ecosystem partners include Warner Music, Ubisoft, National Basketball Association, Ultimate Fighting Championship, Animoca Brands, Circle, Binance, OpenSea and now Meta.<\/p>\n

Related:\u00a0FTC files lawsuit against Meta over attempted monopolization of metaverse<\/em><\/strong><\/p>\n

Along with the metaverse, digital assets appear to have become one of Meta\u2019s core components for expansion. During the second quarter of 2022, the company\u2019s revenue fell 1% year over year to $28.8 billion while its operating income decreased by 32% to $8.36 billion in the same period. CEO Mark Zuckerberg said he was unfazed by the whopping $2.8 billion loss in the company’s Metaverse division, and that instead there was an opportunity to make \u201chundreds of billions,\u201d or even \u201ctrillions,\u201d of dollars as the sector matures.<\/p>\n<\/div>\n