Meta Plans NFT Rollout Across 100 Countries After Coinbase Integration

Meta

After integrating with Coinbase’s (NASDAQ:COIN) Wallet and Dapper, social media giant Meta (NASDAQ:META) has started to roll out non-fungible tokens (NFTs) across 100 countries.

Mark Zuckerberg, the founder and CEO of Meta, announced the rollout in a Facebook post.
After a successful testing period in May, Instagram users in several countries can now display their NFTs.

According to a tweet from Meta, the social media network will also include support for Flow Blockchain.

The goal of the testing was to enable cross-platform posting utilizing NFTs, according to the company’s product manager Navdeep Singh, who stated last month that testing was also going on on Facebook.

The company also revealed that it would support wallet connections with Coinbase Wallet from Coinbase Global and Dapper Labs, the company behind the Flow blockchain and NBA Top Shot.

According to the press release, users will be able to post digital collectibles created on the Flow blockchain. Users can share the digital collectible by connecting a digital wallet. The NFT will include tags for both creators and collectors.

Instagram now supports Rainbow, MetaMask, Trust Wallet, Coinbase Wallet, and Dapper Wallet after Thursday’s update.

At $167, the share price of the company is currently down 1.07%. On hearing that it had teamed up with asset management BlackRock (NYSE:BLK) to provide crypto trading to institutional clients, Coinbase (NASDAQ:COIN) saw a gain of over 31%.

Featured Image: Megapixl © Aleemzahidkhan 

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