Meta Rolls Out Instagram NFTs And Coinbase Integration In Over 100 Countries

• Mark Zuckerberg’s Meta has confirmed the rollS out of Instagram NFTS after reaffirming plans of the Metaverse.
• Meta to integrate Coinbase with digital collectibles to be available in more than 100 countries.

In the last couple of hours, Mark Zuckerberg’s Meta has confirmed the rollout of Instagram NFTs. The company hopes to widen its reach with digital collectibles, engage users and help user monetize their content. Instagram had further confirmed that it will be collaborating with Flow blockchain for minting as well as Coinbase wallet and Dapper wallet. Users are also able to connect with wallets like Metamask and Trust wallet.  The initiative is an international expansion set to reach more than 100 countries in Africa, Asia-Pacific, the Middle East, and the Americas.

Mark Zuckerberg announced we’re rolling out digital collectibles to 100 more countries. Now, more people, creators and businesses can showcase their #NFTs on @instagram.

We're also launching integrations with @CoinbaseWallet @hellodapper and support for @flow_blockchain.

— Meta Newsroom (@MetaNewsroom) August 4, 2022

Instagram becomes the second major platform to integrate NFTs after Twitter which launched digital collectible support for Blue subscribers earlier in January.

Instagram NFT Features include:

• Connecting a digital wallet. 
• Sharing digital collectibles. 
• Automatic tagging of both the creator and collector.

Meta dubs into Metaverse, NFTs, and digital asset

Meta (formerly known as Facebook) has been exploring new and genius ways to engage, and frankly monetize users. In the last couple of months, the company has reaffirmed its commitment to dominate the metaverse, as well as the NFT world. On the metaverse front, CEO and co-founder Mark Zuckerburg recently confirmed that this division had made a more than $2B loss in the last quarter. He further added that while it will ultimately be profitable, it would struggle to get off the ground.

Ethereum Co-founder Vitalik Buterin warns of Facebook’s Metaverse Demise

A few years back, the company introduced its own digital asset dubbed Diem, a permissioned blockchain-based stablecoin payment system proposed by the American social media company. However, after backlash from the public and regulators from both the USA and Europe, the project came to an embarrassing end.

In the face of it, Instagram NFTs look like a good idea but we’ll have to wait and see.