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  4. Meta set to roll out NFT support on Instagram to 100 countries- Report

Meta set to roll out NFT support on Instagram to 100 countries- Report

Meta also announced that the Coinbase Wallet and Dapper Wallet are now accepted as third-party wallet compatible for use. Instagram is also expanding its supported blockchains to include Flow.

Saumya Nigam Edited By: Saumya Nigam Noida Published on: August 05, 2022 10:20 IST
Meta
Image Source : META Meta

Meta CEO Mark Zuckerberg said that Meta has started with the international expansion of non-fungible tokens (NFT) support on its photo and video-sharing platform 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 the selected creators in the US, reports TechCrunch.

Meta also officially announced that the Coinbase Wallet and Dapper Wallet are now accepted as 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 a creator and collector for attribution.

Users can share NFTs in their main Instagram Feed, Stories or messages. Once they post a digital collectable, it will have a shimmer effect and can display public information, such as a description of the NFT.

In order to post a digital collectable on Instagram, users need to connect their digital wallet to Instagram.

Inputs from IANS

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