On August 29, Meta, the parent company of Facebook, stated that Meta users would be able to post their NFTs or digital collectibles on both Instagram and Facebook while updating its May 10 blog post. Users can upload digital collectibles generated on Flow, Ethereum, and Polygon using wallets such as Dapper Wallet, Coinbase Wallet, Trust Wallet, MetaMask and Rainbow. The function enables sharing digital collectibles, labelling the creator and collector automatically, and attaching a digital wallet. As a result, both platforms will have roughly 3 billion people using NFTs globally.
According to the blog post:
“As we continue rolling out digital collectibles on Facebook and Instagram, we’ve started giving people the ability to post digital collectibles that they own across both Facebook and Instagram.”
The announcement comes after a Meta update on August 4 stated that users of Instagram in 100 different countries could upload digital collectibles created on the Flow blockchain or from wallets that supported the Ethereum or Polygon blockchains to their accounts, which are expected to have between 1 billion and 2 billion users by the second quarter of 2022.
It is important to note that this Meta has made slow but steady progress in incorporating NFTs on their social networking platform. In an interview in March of this year, Meta founder Mark Zuckerberg initially announced the arrival of NFTs on Instagram.
He stated: “In the near future, we are working on bringing NFTs to Instagram.”
Mark Zuckerberg’s remarks follow a similar one made by Adam Mosseri, the business head of Instagram, in December of last year, in which he stated that the firm was actively researching methods to introduce digital collectibles on its platform.