Meta: NFT Sharing Feature Now Available On Instagram and Facebook

- Since May, Meta has been testing the NFT feature using a small number of creators in the U.S.
- Facebook and Instagram users in the U.S. can now connect their digital wallets to both social media platforms.

Meta has brought in a feature where all Facebook and Instagram users in the U.S. can share NFTs across both social media platforms, as well as allowing them to connect their wallets. This feature is accessible to every user in the 100 countries where digital collectibles are available on Instagram.

The tech giant says that no fees are involved with sharing or posting of NFTs and has been rolling out crypto collectibles to its users.

Crypto collectibles are cryptographically unique digital assets that are visual representations of real-life objects, such as digital tokens, pets, or avatars.

Masses of users can now non with non-fungible tokens on mainstream sites, in what could be a big breaking moment for adoption. There have been tests done for several months now and were initially restricted to a small number of content creators.

Today we’re announcing that everyone on Facebook and Instagram in the US can now connect their wallets and share their digital collectibles. This included the ability for people to cross-post digital collectibles that they own across both Facebook and Instagram. Additionally, everyone in the 100 countries where digital collectibles are available on Instagram can now access the feature.

Mark Zuckerberg has also been seen getting into action, he sold an NFT version of his childhood. It shows the billionaire when he was eight years old, swinging a baseball bat and smiling at the camera. Zuckerberg announced that he was organizing the sale in celebration of “expanding digital collectible NFTs to more than 100 countries on Instagram and launching new integrations with Coinbase and Dapper.”

For the first time, Mark Zuckerberg announced plans to reduce the company’s headcount. The firm has decided to cut its budget since 2004.

Meta has been trying to compete with Tiktok which is fascinating to young users. The social company has also been proactively investing in the metaverse, however, some analysts believe that this could be an expensive bet that doesn’t pay off.

I had hoped the economy would have more clearly stabilized by now. But from what we’re seeing it doesn’t yet seem like it has, so we want to plan somewhat conservatively.