Meta, the corporate entity behind social media platforms Instagram, and Facebook, announced that NFT (non-fungible token) support allows cross-posting between the two major social media platforms. This digital collectible-sharing capability was made possible by Meta's support for Web3 wallet and NFT in 100 countries over the first week.
Meta Continues to Rollout NFT as Social Media Giant Introduces 'Ability To Post Digital Collectibles’
Meta Platforms, Inc. (Nasdaq : META) announced that it will "introduce the ability to upload digital collectibles" on Instagram and Facebook. Meta shared the information via Twitter and shared a May blog post that was updated regularly.
Meta posted about NFT cross-posting compatibility for Facebook and Instagram. The company received a few responses from people who liked the idea, as well as mocking the NFT concept. One person said that Meta's NFT cross-posting compatibility was "bullish".
Meta was mocked by a few others as well. One person replied, "No, I won't post the NFT announcement, thanks." Another person responded jokingly, "I'll just share the jpeg instead," and a few people shared screenshots showing the ability to cross-post NFTs on Instagram and Facebook.
Meta posted Monday:
We're continuing to roll out digital collectibles via Facebook and Instagram. As such, people can now post digital collectibles they have on both Facebook and Instagram. People will be able to link their digital wallets to both apps once they have completed the process. This will allow them to share digital collectibles between both.
Meta announced NFT support for 100 countries on August 29th and added the ability to connect to third-party wallets like Metamask or Rainbow. Meta also announced on August 4th that the digital collectibles feature would support blockchains such as Flow, Ethereum and Polygon. Meta stated that there are no fees for sharing or posting a digital collectible on Instagram and Facebook.
Twitter Blue Labs, the company's social media competitor, launched non-fungible token support. Twitter Blue Labs features allow users to upload longer videos, use 1080p quality videos, and have an NFT profile photo. Meta has integrated Flow, Polygon, but Twitter supports only static NFTs created on the Ethereum blockchain (ERC721, EC1155).
What do you think Meta adding cross-posting NFT compatibility to Instagram and Facebook? Please comment below to let us know your thoughts on this topic.
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By: Jamie Redman
Title: Meta Reveals Cross-Posting NFT Compatibility Between Facebook and Instagram
Sourced From: news.bitcoin.com/meta-reveals-cross-posting-nft-compatibility-between-facebook-and-instagram/
Published Date: Tue, 30 Aug 2022 16:30:21 +0000
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