The non-fungible token (NFT) functionalities of Meta’s Facebook and Instagram have received an update. Users living in the United States will be able to connect their wallets and share their NFT with their friends and followers as of right now on the social media platforms.
Meta is taking a huge leap in their Cryptocurrency approach on Facebook and Instagram
The corporation founded by Mark Zuckerberg has been heavily investing in the cryptocurrency and metaverse industries. As evidenced by the statement, Meta first made known its NFT capabilities for Facebook and Instagram in May 2022.
The business praised the “great opportunity” that blockchain technology provides for producers at the time. Without the help of intermediaries, these people can use NFTs and other crypto-based technologies to offer distinctive experiences, connect with their audiences, and make a direct profit from their labor.
The business has now made it possible for Instagram creators to post their NFTs. The features appear to be popular and may become more so when Meta expands them to additional platforms.
In addition to the financial advantages, Meta asserts that producers may take control of their content and find innovative methods to monetise it.
How easily can you collect your crypto wallet to Facebook or Instagram?
People must confirm that Facebook and Instagram support their wallets in order to connect to social media sites where the user or content provider holds their NFTs. As of this writing, the platforms support the Flow Network, Polygon, and Ethereum.
Also supported by the social media site are third-party wallets including the Trust Wallet, Coinbase Wallet, Dapper Wallet, and MetaMask wallet. This last one is among the most well-liked because it provides users with a browser extension that enables quick connection to Facebook, Instagram, and other networks.
Users cannot connect their wallets while not logged in to their accounts, as Meta has explained. After completing this step, they can click settings, choose digital collectible from the menu, and choose connect.
The social media sites will show the user a screen asking for more details, such as their wallet password. Users must finally select “Sign” to validate access to their cryptocurrency wallets. Each wallet can only be linked to one Instagram or Facebook account, and the entire process takes a few minutes.