05/08/2022 Instagram Adds Flow Blockchain NFTs, FLOW Token Pumps 44%

Instagram’s NFT initiative now includes more than 100 countries, including collectibles from the Flow blockchain.

Over a billion people use Instagram each month. Image: Shutterstock
Over a billion people use Instagram each month. Image: Shutterstock

Instagram is expandingits NFT initiativeinternationally to more than 100 countries, parent company Meta announced today, plus it’s adding support forNFTscreated on theFlowblockchain. Now the FLOW token is pumping as a result.

FLOW is up nearly 44% over the past day, per data fromCoinGecko, with nearly all of that rise coming since Meta’s announcement this morning. As of this writing, FLOW is trading at $2.76 per token, with the latest price action bringing its 30-day rise to nearly 72%.

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Instagram’s expanding integration lets collectors showcase their verified Flow NFTs on their account in Meta’s photo-sharing service. The initiative firstlaunched in the U.S.to select users in May, and now has expanded to include countries in Asia, Africa, and the Middle East as well.

The feature lets users connect a supported cryptowalletto prove ownership of NFT collectibles and choose which ones to display, with both the owner and original creator automatically attributed alongside the asset.

Facebook Begins Testing Ethereum and Polygon NFTs on Profiles

Meta, formerly known as Facebook, has begun rolling out NFTs for some U.S. creators on its flagship social network. Facebook is starting with Ethereum and Polygon NFTs but will soon add suppor...

An NFT is a blockchaintokenthat acts like a deed of ownership to an item, including digital goods like profile pictures, artwork, collectibles, and video game items. The NFT market rose to prominence in 2021, generating some$25 billion worthof trading volume. Already in 2022, the market has yieldednorth of $20 billionin sales.

Flow was created by Dapper Labs and is best known for Dapper’s own sports NFT projects, includingNBA Top Shot,NFL All Day, andUFC Strike. However, it’s an open blockchain platform used by an array of other projects, including notable ones like avatar creatorGeniesandkids’ collectibles app, Zigazoo.

Along with news of Flow support, Meta also announced that users can now connect a Dapper Wallet or Coinbase Wallet as part of Instagram’s expanding Web3 support. It appears that Instagram’s NFT initiative is still not fully open to the public, but it is opening up to more people.

In May, Meta announced that Instagram would begin integrating support for NFT collectiblesstarting with Ethereum and Polygon-based assets.Ethereumis the leading blockchain network for NFTs, whilePolygonis an Ethereumsidechainthat enables faster, cheaper, and more energy efficient transactions.

Instagram also plans to add support forSolanaNFTs, as announced in May. In June, Instagram’s sister company Facebook similarlybegan testing supportfor Ethereum and Polygon NFTs on profiles, and likewise revealed plans to add Flow and Solana support down the line.

Meta is pushing hard on the comingmetaverse, as the parent company of Instagram and Facebookchanged its name last fall(from Facebook Inc.) as it revealed its grand vision for a next-generation internet that is navigated with avatars in immersive 3D spaces.

Blockchain networks and NFTs are expected to be a part of an open, interoperable metaverse, and many crypto builders are developing the technology to enable that vision. Meta founder and CEO Mark Zuckerberghas hintedthat he’s interested in enabling interoperable assets as part of his platform, but Meta has yet to detail how open its metaverse will truly be.

Arts

https://decrypt.co/106747/instagram-adds-flow-blockchain-nfts-token-pumps

Interesting NFTs
The Switch
The Switch is a unique, “one of one” NFT that demonstrates the evolution of artwork in the digital realm. The Switch is developed to change form at a specific point of time in the future, known by Pak. The evolution is determined and rendered immutable by smart contracts, or self-executing code on the Ethereum blockchain.
F473 (FATE)
COIN ARTIST (B. 1985) F473 (FATE) digital-born game with generative elements using HTML, CSS, React.JS, Javascript, dedicated web page and polygon smart contract dimensions variable Executed in 2021. This work is unique and is accompanied by a non-fungible token.
Alex in Wonderland
A figure, Alex, stands mostly naked in the midst of a physical and psychological maelstrom. He is clad only in nostalgic 80’s era socks, on a tenuous island between active waters and a variety of shark denizens. Sharks on the right side of the image are all beached, including a shark with a quartz crystal snout, an orange shark wrapped in a life buoy, and a shark further in the distance wearing an 80’s style shirt with the number “88”. On the left side is the largest shark, wearing bright glossy red lipstick and brandishing prominent teeth with braces. She is cordoned off from the figure by a roped float divider, and within her thought bubble is a warning symbol. Behind the figure, hovering in the air, are Grey aliens emerging from the distance, out of a series of elliptical UFO shaped interdimensional membranes. The Greys take on the visual form of spermazoa ostensibly impregnating the interdimensional thresholds. As is typical, these Greys inhabit a zone just behind the unconscious topology of Alex’s dissociative mind. Though Alex’s bottom half is representative, his top half mutates into a psychological cornucopia. In a manner akin to “Auto-Erotic Sphinx”, a predecessor work, the figure has self suctioned—an act of sensual infatuation, enjoyment, and exploration. Upward exists the figure’s primary conscious eye, adorned with a revolutionary beret emblazoned with a Bitcoin badge. The figure’s summit features the nose of a fighter jet facing off against video game Bullet Bills, one of whom is marked by a communist North Korean star. A cropped section of a UFO observes the contest. Alex’s mind branches both left and right. To the left is more singular embodied consciousness, manifesting two eyes and a Ganesh trunk grasping crayons. The right branch dissociates upward diagonally, emerging into an array of eyes, faces, teeth, tail, a unicorn horn, and much more—all of which participate in expressing his unconscious being; a democracy of psychic factions representing thought impressions and associations. All illumination and darkness– fernal, infernal, high consciousness and corporeal underbelly–reside in this realm. In the distance are relatively languid, light clouds, and against the firmament hovers a colossal distant eye peering over the scene and far beyond. This painting possesses underlying genetic traits with previous works such as “Auto-Erotic Sphinx with Toys”, “Dionysus”, and “Fuku-Shiva”. The work serves also as a nod to an earlier period of art inspiration during late teens and early twenties— born out of the nakedness, vulnerability, curiosity, and wonder inherent to coming of age and all subsequent psychedelic revelation.
#81947
By OthersideDeployer
Traffic
Traffic explores a crossroads between the metaverse & reality through organized chaos. The complexity of this aural / visual landscape demanded over 200 hours of design time between Slimesunday & 3LAU. Every detail of this piece was built from scratch, from the reflective puddled pavement to the stabbing synthesis of the song. We think we'll be spending a lot more time in the metaverse in the future, don't you?