By linking their wallets, Facebook and Instagram users can now share both NFT and digital collections on their accounts.
About 2.9 billion users of the social media platform can now share digital collections and NFTs, Facebook’s parent company Meta said in a Monday update of a blog post it shared on May 10. announced. This development follows the August 4 update where Meta said that Instagram users in 100 countries can send digital collections printed on the Flow blockchain or from wallets that support the Ethereum or Polygon blockchains to their accounts.
Meta said, “As we continue to offer digital collectibles on Facebook and Instagram, we started giving people the chance to publish their digital collections on both Facebook and Instagram. He can connect,” he said.
What NFT are you excited to share? pic.twitter.com/SlpwAuY02c
— Meta Newsroom (@MetaNewsroom) August 29, 2022
Linking digital wallets to Facebook or Instagram seems to be limited to apps rather than third-party browsers. However, expanding the reach of NFTs to every smartphone with one of the Meta apps installed could also generate additional revenue for the social media giant or make the update more widespread.
Meta CEO Mark Zuckerberg said there is a huge opportunity to make trillions of dollars in the digital asset space as their growth continues. However, the company reported a 1 percent drop in annual revenue in the second quarter of 2022.