Meta Integrates NFTs into Instagram in Over 100 Countries

Meta CEO Mark Zuckerberg has confirmed that NFTs will be integrated into Instagram in over 100 countries following a series of tests.

The world's most used social media platform Meta, formerly known as Facebook, teased NFT expansion into Instagram in May of 2022. Now, there are plenty of reasons for NFT connoisseurs to be excited with the tease being confirmed with this official announcement:

"Today we’re starting international expansion to 100 countries in Africa, Asia-Pacific, the Middle East, and the Americas. Additionally, we now support wallet connections with the Coinbase Wallet and Dapper, as well as the ability to post digital collectibles minted on the Flow blockchain.

"In order to post a digital collectible, all you need to do is connect your digital wallet to Instagram. As of today, we support connections with third-party wallets including Rainbow, MetaMask, Trust Wallet, Coinbase Wallet and Dapper Wallet coming soon. Supported blockchains at this time include Ethereum, Polygon and Flow. There are no fees associated with posting or sharing a digital collectible on Instagram," META stated.

Allowing users to post their digital art from the Flow, Ethereum, and Polygon blockchains will add a completely new element to the app. On top of collaborating with those blockchains, Instagram will include support for virtual wallets like Dapper and Coinbase Wallet.

One of the most exciting features is that posting a digital collectible on Instagram will be completely free to the user. Basically, people can now flex their NFTs to the world for no cost, while having ownership proof of the digital asset.

Notably, Meta is publicly traded, meaning the company is unable to internally make all the calls about its future within Web3. Thus far, shareholders seem bullish on the future of crypto and NFTs.

If one thing is for sure, this is a very positive sign for the direction of Web3. Arguably the most storied company over the past 25 years, with an incredibly scintillating CEO, has just made a massive step in the right direction for digital art. While all this is happening in the bear market, who knows what the potential of Web3 will be when markets turn around.