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Instagram rolls out NFT feature in 100 more countries

Months after testing out NFTs with a small group of U.S. users, Meta-owned Instagram has announced that its NFT feature will now be available in 100 more countries. The digital...
Instagram rolls out NFT feature in 100 more countries © Reuters Instagram rolls out NFT feature in 100 more countries

Months after testing out NFTs with a small group of U.S. users, Meta-owned Instagram has announced that its NFT feature will now be available in 100 more countries.

The digital collectibles functionality will be available across 100 countries in the Americas, Africa, Asia Pacific, and the Middle East. The move comes along with the integration of Flow blockchain, Coinbase (NASDAQ:COIN) wallet, and Dapper wallet. However, Meta did not confirm whether there are plans to expand to Europe or enable support for NFTs on other blockchains like Solana.

According to the announcement, the NFT feature will allow Instagram users to share digital collectibles from the crypto wallets to the app. The social media platform currently supports Ethereum, Polygon, and Flow NFTs and third-party wallets like MetaMask, Trust Wallet, Coinbase, Dapper, and Rainbow.

“Every day, creators inspire people and push culture forward around the world. With the incredible opportunity of blockchain technology, they can now leverage new tools to earn income, and fans can support their favorite creators by purchasing digital collectibles – art, images and videos, music, or trading cards – as non-fungible tokens (NFTs),” the announcement said.

Meta, formerly called Facebook (NASDAQ:META), first showed its interest in fully exploring developments in the Web3 space last October when it changed its name. The social media giant has sunk $10 billion into its metaverse division, Reality Labs, even though its plans have been mostly kept under wraps. It further showed its determination to build in the space with a recent trademark filing with the U.S. Patent and Trademark Office on May 13.

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20-08-2022 08:53:44 (UTC+7)

EUR/USD

1.0037

-0.0051 (-0.51%)

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EUR/USD

1.0037

-0.0051 (-0.51%)

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GBP/USD

1.1831

-0.0099 (-0.83%)

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USD/JPY

136.93

+1.04 (+0.77%)

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AUD/USD

0.6873

-0.0046 (-0.66%)

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USD/CAD

1.2993

+0.0046 (+0.36%)

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EUR/JPY

137.43

+0.35 (+0.26%)

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EUR/CHF

0.9628

-0.0024 (-0.24%)

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Gold Futures

1,760.30

-10.90 (-0.62%)

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Silver Futures

18.965

-0.499 (-2.56%)

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Copper Futures

3.6697

+0.0382 (+1.05%)

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Neutral

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Crude Oil WTI Futures

89.97

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Brent Oil Futures

96.09

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Natural Gas Futures

9.280

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US Coffee C Futures

216.20

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Euro Stoxx 50

3,730.32

-47.06 (-1.25%)

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S&P 500

4,228.48

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DAX

13,544.52

-152.89 (-1.12%)

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FTSE 100

7,550.37

+8.52 (+0.11%)

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Hang Seng

19,773.03

+9.12 (+0.05%)

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US Small Cap 2000

1,957.35

-43.38 (-2.17%)

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IBEX 35

8,338.10

-92.20 (-1.09%)

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BASF SE NA O.N.

43.035

-0.405 (-0.93%)

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Bayer AG NA

54.40

+0.34 (+0.63%)

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Allianz SE VNA O.N.

176.02

-2.50 (-1.40%)

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Adidas AG

165.60

-1.92 (-1.15%)

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Deutsche Lufthansa AG

6.275

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Siemens AG Class N

108.20

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Deutsche Bank AG

8.496

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 EUR/USD1.0037↑ Sell
 GBP/USD1.1831↑ Buy
 USD/JPY136.93↑ Buy
 AUD/USD0.6873↑ Sell
 USD/CAD1.2993↑ Sell
 EUR/JPY137.43Neutral
 EUR/CHF0.9628↑ Buy
 Gold1,760.30↑ Buy
 Silver18.965Sell
 Copper3.6697Neutral
 Crude Oil WTI89.97Buy
 Brent Oil96.09Sell
 Natural Gas9.280↑ Sell
 US Coffee C216.20↑ Sell
 Euro Stoxx 503,730.32↑ Buy
 S&P 5004,228.48↑ Sell
 DAX13,544.52Neutral
 FTSE 1007,550.37↑ Buy
 Hang Seng19,773.03Neutral
 Small Cap 20001,957.35↑ Buy
 IBEX 358,338.10↑ Buy
 BASF43.035↑ Buy
 Bayer54.40Sell
 Allianz176.02↑ Sell
 Adidas165.60↑ Sell
 Lufthansa6.275Buy
 Siemens AG108.20↑ Sell
 Deutsche Bank AG8.496Neutral
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