Meta launches Instagram NFT across 100 nations.

The largest social media business in the world declared on Thursday that 100 nations in Africa, Asia-Pacific, the Middle East, and the Americas will now have access to the digital collectibles feature that was previously tested on Instagram.



According to the release, by tying their digital wallets to the app, users of Instagram will be able to share any NFTs they may have.


Instagram intends to allow users can connect to Rainbow, MetaMask, Trust Wallet, Coinbase Wallet, and Dapper Wallet after the expansion supports Ethereum, Polygon, and Flow NFTs initially. There will be no additional costs for the feature.


When it relaunched last October in an effort to support the expansion of the Metaverse, the social media behemoth formerly known as Facebook, gave the first indications that it was prepared to accept Web3.


The corporation has invested $10 billion in Reality Labs, its Metaverse division, and has subsequently hired 1,000 people, but its Web3 intentions have mostly remained a secret.


Mark Zuckerberg, the company's CEO, had previously stated that it planned to support NFTs, and in May the company started a rollout for a small number of producers in the United States. At the time, Mark Zuckerberg commented on the update:


“We’re not just building technology. We’re trying to also help foster this ecosystem, because at the end of the day, we’re not going to build most of the content – by a long shot. The vast majority of it is going to get created by creators in the ecosystem. And so I think a big part of what we need to do is really lean into all of the different ways that creators could make money.”

The blog post did not explicitly state whether Meta intended to roll out the feature in Europe or to support NFTs on other blockchains, such as Solana.


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