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
Brave Samurai
This is the second collaborative piece that I have created with the very talented Dutch artist, @eattheart23. Here, a samurai warrior stands guard, honour bound to protect his master even to the death.
Petty
Hi-ya! I'm Petty. I'm a professional Skydiving Instructor and I love cereal. I once got in a fight with a dolphin, and won. Our friendship will be voluptuous, tantalizing, and full of wet food.
Cockerel and chick
Katsushika Hokusai (1760-1849) Cockerel and chick late 1810s - Japan
Another Day In Paradise
Just as the book speaks to intelligence, the image in all its muteness speaks to the heart.
The Scion
A young figure caught in a moment of distraction, aware only ephemerally of his unconscious being, as it engages in psychological and psychedelic layer spaces. His right arm casually cradles a moray eel; the figure is comfortable but not truly aware of the potentials for danger in such negligence. His shirt reads “Bello” in Pokemon style font, harkening back to a childhood straddling the millennial threshold. To his right side, out of the unconscious deep, shrouded alien heads propagate as a fractal totem, each new iteration a more sophisticated rendering of emotional masking over the cold mystery of the greys. As the scion of the Budgie-Sattva, the young man, in his distraction, is also simultaneously aware of higher levels of self discovery. To his left a psychological topology sets beneath the oracle side of an 8 ball ,hovering; its message a purest concept of acceptance. The “Scion” lettering is in 80’s HeMan style bold declaration. The lower right side of the painting is like a hybrid of melon, feathers, and seeds. The crystals in the background bring light; conducted, refracted, reflected, and dispersed, to balance the dark shadow of the figure’s physical body. The aura of the scion succeeds in layers to point, with a finger, and the crown chakra, toward a center of a mandala existing as nigh pure application of strokes, in essence painterly abstraction, but also revealing hints of the Aura of migraine, and the bi-hemispherical nature of the brain–noting concerns of the possibility of inherited mental disease. Yet the flourish of chakra as it sets against that center is robust, active, coherent, and reveling against all fear. Fundamentally, the piece speaks to the activation of one’s potential to begin to “Know Thyself”, and find greater awareness out of the enigmas of the mind–as an inculcated seed given to the rich soil of one’s own birthright.