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Meta extends NFT integration to Facebook

Meta extends NFT integration to Facebook

Key points to remember

  • Meta extends its NFT integration plans to Facebook.
  • Although the announcement lacked details, it is likely that Facebook will integrate with the same blockchains and wallets as Instagram.
  • This is Meta’s latest move to integrate with Web3 and develop its own Metaverse.

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According to a new statement from Meta, Facebook users can now connect their crypto wallets to the platform and share their NFTs.

NFT on Facebook

Meta is moving forward with its NFT plans.

The social media giant declared today that Facebook users will now be able to connect digital wallets to share their NFTs on the platform. Meta had previously declared that it would expand its Instagram NFT integration pilot to 100 countries in Africa, Asia-Pacific, the Middle East, and North and South America.

Although today’s announcement did not clarify which blockchains and wallets would be supported, Facebook’s NFT integration will likely be the same as Instagram’s. If so, that would mean Rainbow, MetaMask, Trust Wallet, Coinbase Wallet, and Dapper Wallet would all be pluggable, with accepted blockchains limited to Ethereum, Polygon, and Flow.

Meta did not say whether the Facebook integration would be a pilot program or if it would have the same reach as the Instagram program. He also did not mention whether Europe would be added to the list of supported continents and whether other major NFT blockchains, such as Solana, were slated for integration. While the statement also doesn’t mention a fee structure, it seems unlikely that it will be introduced if the Instagram NFT program is any indication.

Formerly known as Facebook, Meta said it would develop its own Metaverse when it renamed took its new name last October. The move was met with skepticism by the crypto community, with Ethereum creator Vitalik Buterin affirming that Meta’s plans would “fail” because “it’s far too early to know what people actually want [from a metaverse].”

Disclosure: At the time of writing this article, the author of this article owned ETH and several other cryptocurrencies.

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