Instagram introduces NFT feature in 100 more countries, adds coin base wallet
Meta-owned Instagram has announced that the NFT feature will now be available “in 100 more countries,” along with the integration of Coinbase Wallet, Dapper Wallet, and Flow blockchain.
The feature has been in testing mode since May 2022 and now rolled out to Instagram users in more than 100 countries.
This feature was announced by Meta CEO Mark Zuckerberg in a Facebook post.
Cryptocurrency Coinbase Wallet and Dapper Wallet have been linked to Instagram, he said.
In this post, Mark Zuckerberg also shared his old baseball league card as an NFT.
Later, in a tweet from Meta, it was announced that Flow blockchain will also be part of Instagram so that people using this blockchain can easily use it on Instagram.
NFTs or Non-Fungible Tokens have become very popular in the digital world in recent years as digital data stored in a blockchain that is sold online by the original owner.
Simply, these are digital photos, videos and audio files that are sold like an art collection, but NFTs are auctioned online instead of at an auction house.
Meta’s foray into the NFTs market was announced a few months ago and is now launching first on Instagram.
NFTs can also be in the form of a collection or a photo or video, etc., which can be worth a few hundred to thousands of dollars, but if rare, can sell for millions of dollars.
On June 21, Mark Zuckerberg said that after Instagram, this feature will also be made a part of Facebook.