With the new move made by Meta, the NFT era officially started in Instagram.
With the new move made by Meta, the NFT era officially started in Instagram. Recently, we have witnessed that the supply-demand balance in the NFT sector is not the same as before, in return for the announced data. However, Meta took a very important step and started the NFT era on Instagram. In the new period, Instagram launched this feature, which it provides NFT support, in exactly 100 different countries. Although the names of the countries have not been fully disclosed, it is thought that Turkey is most likely in it. In the statement made by the company, it was stated that it will be available in a total of 100 different countries in Africa, Asia-Pacific, the Middle East and the Americas.
What Does the NFT Feature Cover?
With this new feature integrated into Instagram, users will be able to display their NFTs by connecting their crypto wallets to the platform. It will also be possible to tag NFT developers so that followers can learn more about NFTs. According to the information shared by the company, NFT owners will be able to share their digital collections on Instagram’s main stream, stories and messages. In order to perform these actions, users will need to integrate their crypto wallets in the blockchain networks supported on the social media platform into the system.
Which Blockchain Networks Are Supported?
Social media platform Instagram has previously announced that it supports Ethereum and Polygon blockchain networks. Now, the Flow network has been added among the supported blockchain networks. After the announcement that the Flow network was integrated with the social media platform, there was a 56% increase in Flow price according to 24-hour data.
Meta’s Move Helped Flow
We can say that the Flow network took the first share of the NFT step taken by Meta. With the announcement of Meta company that it is possible to use the NFT feature in 100 countries yesterday evening, the blockchain networks integrated into the system were also announced, and the local token of Flow, which is among these networks, gained a good momentum with the statement. Flow, which has increased by 56% in the last 10 hours, rose to the level of $ 2.87. Before the Meta’s announcement, the coin was continuing its price activity at the level of $ 1.85.
Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.
