Meta introduces NFT crossposting and sharing on Instagram

Published at: Sept. 29, 2022

Meta, Facebook and Instagram's parent company, announced another development on its digital arts initiative. As of today, all users on both platforms can connect wallets and share nonfungible tokens (NFTs) across 100 countries. 

As part of the feature, which has been in testing since May, users will be able to tag creators and collectors and cross-post digital collectibles between platforms without paying any fees.

Everyone on @instagram and @facebook can now share their digital collectibles in the US, and on Instagram in the previously announced 100+ countries. Creators like artist Lívia Elektra are sharing their #NFTs on our apps. https://t.co/6yV4HgfHSW https://t.co/wa2wkWgfWX pic.twitter.com/fRi0wA7a6l

— Meta Newsroom (@MetaNewsroom) September 29, 2022

In August, Meta started allowing users to post digital collectibles that they own across Facebook and Instagram, and announced an international expansion to countries in Africa, Asia-Pacific, the Middle East, and the Americas. 

The company also added support with third-party wallets such as Rainbow, MetaMask, Trust Wallet, Coinbase Wallet and Dapper Wallet, along with support for Ethereum, Polygon and Flow's blockchains.

Several Twitter users expressed concern regarding the safety and privacy of the data transmitted by connecting digital wallets to Meta's platform at that time. In April 2021, sensitive personal information for over half a billion Facebook users was leaked on a well-trafficked hacking forum.

According to Statista figures, Facebook and Instagram have 2.9 billion and 1.4 billion monthly active users respectively.

Tags
Nft
Business
Facebook
Instagram
Meta
Related Posts
Meta will test digital collectibles on Instagram starting this week
Meta CEO Mark Zuckerberg said that the company is starting to test digital collectibles on photo and video sharing platform Instagram this week, signaling a move toward adding nonfungible tokens, or NFTs. In an interview with Impact Theory’s Tom Bilyeu published to Facebook on Monday, Zuckerberg said the move was the first step toward allowing creators and collectors to display NFTs on other apps under Meta’s control, including WhatsApp, Facebook Messenger and Facebook. According to the CEO, Meta is planning to “bring similar functionality to Facebook soon” and is working on “augmented reality NFTs” for Instagram as well. The move …
Nft / May 9, 2022
Meta set to begin testing NFTs on Instagram Stories with Spark AR
Instagram's parent company, Meta, announced Wednesday that it will begin testing NFTs on Instagram Stories using its augmented reality platform Spark AR. CEO Mark Zuckerberg said of the news, “We're expanding our test so more creators around the world can display their NFTs on Instagram.” The company also stated in an announcement, “Creators and collectors will be able to share their digital collectibles across Facebook and Instagram after we begin rolling out the feature on Facebook with select US creators at a later date.” Zuckerberg also confirmed that Facebook is set to support NFTs in the future: “We'll bring this …
Blockchain / June 22, 2022
Meta announces Facebook and Instagram users can post NFTs from digital wallets
Facebook and Instagram users can both post nonfungible tokens, or NFTs, and digital collectibles to their accounts by linking their wallets. In a Monday update to a May 10 blog post, Facebook’s parent company Meta said the social media platform’s roughly 2.9 billion users will have the ability to share digital collectibles and NFTs. The announcement followed an Aug. 4 update in which Meta said Instagram users across 100 countries could post digital collectibles minted on the Flow blockchain or from wallets supporting the Ethereum or Polygon blockchain to their accounts, estimated to be between 1-2 billion as of the …
Nft / Aug. 29, 2022
There is room for the Metaverse in 2022, but the virtual space is far from perfect
It is hard to resist the vision spun to us by Meta (formerly Facebook) and other virtual world platforms. A digital utopia that can transform lives in multiple ways — whether how we socialize, work or even stay healthy — is a hard one to refuse. This is especially true when considering that these platforms are being described as the biggest technological disruption to human life and a multi-trillion dollar opportunity for businesses. However, there is skepticism from some that this is all too good to be true — at least for now. The technological architecture that would allow this …
Adoption / April 9, 2022
NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues
Facebook will support nonfungible tokens (NFTs) with a “digital collectibles” tab on creators’ timelines to display their work. Meta technical program manager Navdeep Singh displayed screenshots of NFTs and a creator’s page Thursday on Twitter. A spokesperson for Meta, the parent company of Facebook, told TechCrunch the same day that the rollout of NFTs on Facebook would be gradual, beginning with select creators in the United States. Eventually, NFT creators will be able to cross-post between Facebook and Instagram, another Meta property. Instagram is also testing NFTs in its Spark AR augmented reality platform. We're launching NFTs on Facebook! Excited …
Nft / June 30, 2022