Meta, the parent company of Facebook and Instagram, has announced a new development in its digital arts initiative. As of September 29, all users of both platforms can connect wallets and share non-fungible tokens (NFTs) in 100 countries.
As part of the feature, which has been in testing since May, users will be able to tag creators and collectors, and post digital collectibles between platforms without paying a fee.
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 share their #NFT on our apps. https://t.co/6yV4HgfHSW https://t.co/wa2wkWgfWX pic.twitter.com/fRi0wA7a6l
— Meta Newsroom (@MetaNewsroom) September 29, 2022
In August, Meta began allowing users to post digital collectibles they own to Facebook and Instagram and announced international expansion to countries in Africa, Asia-Pacific, the Middle East and the United States. Americas.
The company also added support for third-party wallets such as Rainbow, MetaMask, Trust Wallet, Coinbase Wallet, and Dapper Wallet, as well as support for Ethereum, Polygon, and Flow blockchains.
Several Twitter users expressed concern about the security and privacy of data transmitted by connecting digital wallets to Meta’s platform at the time. In April 2021, the sensitive personal information of more than half a billion Facebook users was leaked to a popular hacking forum.
According to figures from Statista, Facebook and Instagram have 2.9 billion and 1.4 billion monthly active users respectively.
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