Meta is Expanding NFT Support on Instagram To 100 Countries (techcrunch.com) 18
Meta CEO Mark Zuckerberg announced today that the company is beginning its international expansion of NFT support on Instagram. The expansion follows the social network's initial NFT test launch in May. With this expansion, users and businesses in more than 100 countries in Africa, Asia-Pacific, the Middle East and the Americas will now be able to share their NFTs on Instagram. Prior to the expansion, the support was only available to select creators in the United States. From a report: The company also announced today that Coinbase Wallet and Dapper Wallet are now accepted as a third-party wallet compatible for use. Instagram is also expanding its supported blockchains to include Flow. Instagram's NFT functionality allows users to connect a digital wallet, share NFTs and automatically tag both a creator and collector for attribution. You can share NFTs in your main Instagram Feed, Stories or in messages. Once you post a digital collectible, it will have a shimmer effect and can display public information, such as a description of the NFT. In order to post a digital collectible on Instagram, you need to connect your digital wallet to Instagram. As of today, Instagram supports connections with third-party wallets including Rainbow, MetaMask, Trust Wallet and Coinbase Wallet, with Dapper Wallet coming soon. Supported blockchains include Ethereum, Polygon and Flow. The social network notes that there are no fees associated with posting or sharing a digital collectible on Instagram.
"Meta" is short for... (Score:1)
Meta CEO Mark Zuckerberg...
"Meta" is short for "Metastasize"
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I'm probably not a good judge (Score:2)
Never had a FB account, and think NFT's are just a pyramid scheme. But I can't imagine that there's a whole lot of demand for this feature. Sounds more like FB is desperate for another source of revenue.
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Cracks in the facade? Cracks are often formed before the implosion.
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NO company that is legitimately Too Big To Fail is at risk of actual failure. And damn near every mega-corp today has politically invested in that very protection. Hell, the intelligence community alone would pay to keep FB alive. Promoting mass narcissism, saves a lot of time and effort.
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They would have been dead long ago if that were even remotely true.
Regardless of how we may feel about its value, it's not that simple to turn off the social media platform.
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it actually really is. just do it, you won't regret it.
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A pyramid scheme is one type of fraud you can't do with NFTs. You can do pump-and-dump though, they are great for that.
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Good point. That's why I stay away from this kind of thing, cuz I'm too ignorant to know the difference.
Fools Gold (Score:2)
During a gold rush, those supplying the miners get rich, when it turns out to be fools gold I bet this becomes even more true. Bloodsuckers.
When your target demographic is rich dumb people.. (Score:1)
You need to open it to as many as you can.
So the take-away is to hack Instagram? (Score:2)
Just imagine all those delicious accounts with their wallets linked.
Can't wait.
I hope Meta... (Score:3)
I hope Meta loses a fortune on NFTs.
Not expanding. (Score:2, Redundant)
Meta isn't expanding, it's metastasizing.
Meta is already a fossil (Score:2)
Crypto and NFTs are failing, and FB/meta is just getting on the bandwagon. Google and Microsoft have done a much better job of staying relevant.
Perhaps that's FB's problem: it was once hip, but it was never relevant.
NFTs? (Score:2)
Is that still a thing? I thought people finally realized that it was a stupid idea based on building an economy out of literally nothing. Has Meta done anything worth the amount of electricity taken up to display the 4 ASCII characters in its name? Like Seinfeld, this company appears to be about nothing.