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In conjunction with Coinbase and Flow, social media giant Meta (Facebook) will support NFT expansion in 100 countries in Africa, Asia-Pacific, the Middle East, and the Americas.
Follow Posts from Meta Yesterday (August 4), the company led by Mark Zuckerberg was ready to roll out NFT in over 100 countries after integrating with Coinbase Wallet and Dapper.
This first rollout is aimed at the social networking app Instagram. Users can now connect their digital wallet to Instagram to start posting their digital collections.
Show integration of third-party wallets with Rainbow, MetaMask, Trust Wallet, Coinbase Wallet and Dapper Wallet Completed and coming soon. The blockchains supported at the moment are Ethereum, Polygon, and Flow. There are no fees associated with posting or sharing a digital collection on Instagram.
The above action once again confirms the ambition and serious attitude of CEO Mark Zuckerberg since deciding to change the name for Facebook. Even though the company’s metaverse business itself caused a $2.8 billion loss in the second quarter of 2022, Mark thinks it’s “still going to be a costly undertaking for the next few years.”
At press time, Meta’s stock price is currently recording a 1.05% increase to $170.57. FLOW stock has grown strongly by nearly 40% immediately after the announcement of its partnership with Meta and is trading around the $2.57 mark.
Flow is known as a Layer 1 blockchain with the FLOW token acting as a bid for transaction and network governance. Notable ecosystem partners include Warner Music, National Basketball Association, Ultimate Fighting Championship, Ubisoft, Animoca Brands, Circle, Binance, OpenSea and now it’s Meta.
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