Venture Capitalists News Hubb
Advertisement Banner
  • Home
  • Venture Capital Market
  • Venture Capital Funding
  • Contact
No Result
View All Result
  • Home
  • Venture Capital Market
  • Venture Capital Funding
  • Contact
No Result
View All Result
Venture Capitalists News Hubb
No Result
View All Result
Home Venture Capital Funding

Instagram and Facebook Users Can Now Share and Crosspost NFTs

admin by admin
October 1, 2022
in Venture Capital Funding


  • Digital collectibles can be posted on both Instagram and Facebook feeds
  • “At the end of the day, NFTs are about clout and signaling,” says Space Doodles developer

Meta first enabled select creators and NFT collectors to post their NFTs on Facebook and Instagram at the end of August.

Now, the digital collectibles feature is available to all Facebook and Instagram users in the US and 100 international countries where the Instagram roll out initially took place.

Users can unlock the feature by connecting a supported digital asset wallet to their social media accounts, including Rainbow, Trust Wallet, Dapper, Coinbase Wallet and MetaMask wallets. 

The main perk is getting to share NFTs to Instagram or Facebook feeds, and cross-post any digital collectibles across both platforms for zero fees. Credit can be given to the artists behind an NFT by tagging them in the post. 

Some of the creators chosen to test out the feature during the August roll out included Steve Aoki and emerging digital artists such as Jesse Smith Art.

“You could own lots of NFTs but the question is — how could I showcase it? At the end of the day, NFTs are about clout and signaling,” Varoun Hanooman, the developer behind the Space Doodles collection, told Blockworks.

The value of that is two-fold, added Hanooman: “It lets others know that you’re in a very exclusive community and that there’s a price associated with that.”

Twitter already lets users display PFP NFTs as their profile pictures, and blue chip NFTs are slowly becoming the new blue check mark or a new form of verification – proof of participation in the Web3 community.    

Meta’s own initiative comes amid slow revenue growth and hiring freezes, and the company is betting big on metaverse technology to reach new users.

However, its release of Horizon Worlds, a virtual reality online metaverse game, did not receive the warmest reception with European users mocking its graphics last month. Meta’s metaverse division, Reality Labs, is reportedly losing billions of dollars a year.


Attend DAS:LONDON and hear how the largest TradFi and crypto institutions see the future of crypto’s institutional adoption. Register here


  • Ornella Hernandez

    Blockworks

    Reporter

    Ornella is a Miami-based multimedia journalist covering NFTs, the metaverse and DeFi. Prior to joining Blockworks, she reported for Cointelegraph and has also worked for TV outlets such as CNBC and Telemundo. She originally began investing in ethereum after hearing about it from her dad and hasn’t looked back. She speaks English, Spanish, French and Italian. Contact Ornella at [email protected]





Source link

Previous Post

Meesho’s Vidit Aatrey welcomes Govt-run ONDC

Next Post

The Capital Quest | UAE’s Burjeel Holdings targets up to $3.3 bn valuation in IPO

Next Post

The Capital Quest | UAE’s Burjeel Holdings targets up to $3.3 bn valuation in IPO

Recommended

Binance Seizes FTX Bankruptcy To Expand Into Japan — Again

6 months ago

Benchmarking LLMs performance – VC Cafe

2 weeks ago

Sachin Bansal-led Navi Technologies gets SEBI nod for Rs 3,350 Cr IPO

9 months ago

The Capital Quest | Amethis hires investment director from East Africa PE firm Ascent

9 months ago

Zilliqa’s Gaming Push Led by ‘Roll1ng Thund3rz’ Spin Out

4 months ago
[Weekly funding roundup] Venture capital inflow remains steady

[Weekly funding roundup] Venture capital inflow remains steady

6 months ago

© Venture CapitaLists News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Venture Capital Market
  • Venture Capital Funding
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Venture Capital Market
  • Venture Capital Funding
  • Contact

© 2022 Venture Capitalists News Hubb All rights reserved.