Regions now include the Americas, Asia Pacific, the Middle East, and Africa. Meta (formerly known as Facebook) began testing the feature in July. The feature that allows Instagram users to showcase the NFT collections they own was previously only available in the US to a limited number of creators.
Many digital wallets supported
To publish an NFT, users need to link their account to a digital wallet. The social media platform currently supports Ethereum, Polygon and Flow blockchains and third party wallets such as MetaMask, Trust Wallet, Coinbase Wallet, Rainbow and Dapper Wallet.
“Every day, creators inspire people and advance culture around the world. With the incredible opportunity of blockchain technology, they can now take advantage of new tools to make money and fans can support their favorite creators by purchasing collectible digital items - art, images and videos, music or trading cards - such as non-fungible tokens (NFT) ", reads the announcement.
Facebook, which spilled into public perception after a series of data ownership and usage scandals, underwent a rebranding in October 2021, changing the company name to Meta and announcing its plans to focus on interactions. online and building a metaverse and introducing Reality Labs, a division responsible for building apps and hardware for the digital space.
Despite the high intentions of a digital reality, the public perception was still skeptical: 77% of people did not want Meta to build a metaverse, opting for a decentralized platform.
Meta files several trademarks
The company has further demonstrated its determination to grow with a recent trademark filing. On May 13, Meta filed five new trademark applications with the United States Patent and Trademark Office, including an application for a cryptocurrency payment platform.
"The patent application refers to the provision of a financial exchange for trading digital currency, virtual currency, cryptocurrency, digital and blockchain assets, digitized assets, digital tokens, cryptographic tokens and utility tokens."
The company's latest earnings report shows that the Reality Labs division lost $ 2,8 billion in the second quarter, missing the general expectations of analysts.