The parent company of Facebook, Instagram, and others, Meta, on September 29, unveils a new step in its digital art campaign. After this announcement, US based Facebook and Instagram users may link wallets and share non-fungible tokens (NFTs) across 100 nations.
Notably from now on, users will be able to cross-post digital collectibles between platforms without incurring any costs as part of the functionality, which has been in trial since May.
As per the report, Meta started allowing users to post digital collectibles across Facebook and Instagram in August. The company announced an international expansion to countries in Africa, Asia-Pacific, the Middle East, and the Americas.
As per the post Meta said, “Today we’re announcing everyone on Facebook and Instagram in the U.S. can now connect their wallets and share their digital collectibles,” Meta said in the post. “Additionally, everyone in the 100 countries where digital collectibles are available on Instagram can now access the feature.”
The company also included support for third-party wallets like Rainbow, MetaMask, Trust Wallet, Coinbase Wallet, and Dapper Wallet, as well as connectivity for the blockchains of Ethereum, Polygon, and Flow.
Meta faced backlash in past over data breach issue
Notably when Meta put forward this plan of connecting digital wallets with meta’s platform , a number users on social media platforms like Twitter raised their voice on security and privacy issues related to individual personal data.
This turned out to be right when in April 2021, sensitive data of over 500 million users had been compromised and was posted on a popular hacker site in April 2021.
According to a report of Statista, Facebook and Instagram each have 2.9 billion and 1.4 billion monthly active users, respectively.