Friday, October 7

Meta plans to market NFTs on Facebook and Instagram


Meta, the parent company of Facebook and Instagram, could be planning the commercialization of NFTs on both social networks. As reported by the Financial Times from sources close to the company, Meta’s plans are still at an early stage and could change. The newspaper indicates that both social networks are designing a function that allows NFTs to be minted and that users can display them in their profile images.

NFTs on Facebook and Instagram

Another issue that arises is the creation of a single NFT market by Meta. It would be in the style of OpenSea, which is the world’s largest NFT trading platform. In any case, the news has surprised few. Whether Meta experiments with NFTs is just a matter of timing and regulators.

Meta achieves its goal: send money via WhatsApp through a stablecoin

With its Novi wallet, fully implemented in WhatsApp, Meta already allows you to send money through this social messaging application through the Pax Dollar (USDP) stablecoin. Through Novi, WhatsApp users can make instant money transfers and payments without leaving the chat. The service was enabled on a pilot basis for a number of people in the United States, but the plan is for the wallet to be global.

Twitter could add the option to verify the NFT used in the profile photos

The developer Alessandro Paluzzi has been reporting on his Twitter profile for some time about the steps that Instagram is taking in the field of NFTs. Thus, in October it reported that it had added the ability to connect the Metamask digital wallet. In November, it added Coinbase and in December it added Novi, Trust Wallet, and Rainbow.

Why will the media also sell their content in NFT format?

NFTs in the metaverse

Similarly, on December 18, Adam Mosseri, head of Instagram, confirmed that the platform was exploring how to bring NFTs closer to platform users. Since he announced his commitment to the metaverse, Mark Zuckerberg has never hidden his intention that there should be NFTS.

Twitter also dropped in September the possibility of adding the option to verify the NFTs used in the profile photos of the social network, incorporating a symbol next to the avatar. The birdie’s social network also gave away several NFTs to its users last year.

What seems clear is that if 2021 was the year of the NFT boom, 2022 will be the year of great adoption. Coinbase and Mastercard announced a few days ago their association so that NFTs can be purchased with a credit card and without the need to know anything about cryptocurrencies.

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