Users can now upload and share non fungible tokens(NFT) from their digital wallets in 100 different countries.
Facebook and Instagram’s parent company, Meta, have recently released another statement addressing its initiative to encourage digital arts.
By connecting their wallets and sharing non-fungible tokens (NFTs) across 100 nations, all users of both platforms can do so as of September 29.
Users can cross-post digital collectibles between platforms for free as part of the service, which has been tested since May. They will also be able to tag producers and collectors.
Everyone on @instagram and @facebook can now share their digital collectibles in the US, and on Instagram in the previously announced 100+ countries. Creators like artist Lívia Elektra are sharing their #NFTs on our apps. https://t.co/6yV4HgfHSW https://t.co/wa2wkWgfWX pic.twitter.com/fRi0wA7a6l
— Meta Newsroom (@MetaNewsroom) September 29, 2022
In August, Meta announced an international expansion to include nations in Africa, Asia-Pacific, the Middle East, and the Americas. Users can now publish digital artifacts they own on Facebook and Instagram.
Along with compatibility for the Ethereum, Polygon, and Flow blockchains, the business also added support for third-party wallets like Rainbow, MetaMask, Trust Wallet, Coinbase Wallet, and Dapper Wallet.
At that time, several Twitter users highlighted their concerns about the security and privacy of the data transmitted by integrating digital wallets with Meta’s platform. A popular hacking forum exposed sensitive personal data for more than 500 million Facebook users in April 2021.
According to Statista data, Facebook and Instagram each have 2.9 billion and 1.4 billion monthly active users, respectively.