September 1, 2022
By Sharan Kaur Phillora
Meta (formerly Facebook) announced that it is allowing Facebook and Instagram users the ability to post non-fungible tokens (NFTs). This will enable people to connect their digital wallets once to either app to share their digital collectibles across both.
Here’s what we know:
In an updated blog post on Monday (August 29, 2022), Meta revealed that users can link their digital wallets to either Facebook or Instagram, thereby making it possible to post NFTs across both platforms.
Users need to connect their crypto wallet to Instagram to post an NFT. Currently, Instagram supports connections with third-party wallets, including Rainbow, MetaMask, Trust Wallet, and Coinbase Wallet. Supported blockchains at this time include Ethereum, Polygon, and Flow. There are no fees associated with posting or sharing a digital collectible on Instagram.
Once a creator or collector posts a digital collectible, it will have a shimmer effect and can display public information, such as a description of the NFT. According to Meta, the creator and collector will be automatically attributed in the digital collectible post (subject to their privacy settings).
“As we continue rolling out digital collectibles on Facebook and Instagram, we’ve started giving people the ability to post digital collectibles that they own across both Facebook and Instagram. This will enable people to connect their digital wallets once to either app in order to share their digital collectibles across both,” the updated blog post said.
About the author
Sharan Kaur Phillora’s thirst for knowledge has led her to study many different subjects, including NFTs and Blockchain technology – two emerging technologies that will change how we interact with each other in the future. When she isn’t exploring a new idea or concept, she enjoys reading literary masterpieces.