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%.

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
Forms of Love
The ever changing piece, that took you to understand the 10 forms of love. attach string to each of it,connect and try to understand it. how do you perceive it? it's up to you, it's part of me but also part of you at the same time. just don't use logic too much, we never live there anyway from the start.
Cypher::Prophet
Cypher::Prophet is an artwork dedicated to the punk origins of blockchain designed and realized by hackatao and hex6c. In the transposition into images we started from the iconographic canons of the hacker (hoodie, laptop, cryptographic elements) and associated them with the figure of the prophet, thus highlighting the predictive nature of the works of Eric Hughes (Cypherpunk Manifesto, 1988) and Timothy C. May (Crypto Anarchist Manifesto, 1993) as well as of the blockchain inventors Stuart Haber and Scott Stornetta (How to Time-Stamp a Digital Document, The Journal of Cryptography, 1991). Read the full story on https://medium.com/@hex6c/cypher-prophet-the-punk-origins-of-blockchain-1e8fce311e72
#2313
By OthersideDeployer
CryptoKitties
Yo! I'm Kitty #449532. I enjoy spinning sick beats, breakdancing, and riding dirty. My secret indulgence is wet food. Our friendship will be gullible, fabulous, and full of cantaloupe.
Smile to Shreds, Neon Gwen
The First KayPikeFashion Mint Ever. Ever feel so joyful and were grinning so hard you felt you could split in half? That punk rebel yell of glee when you pull of a particularly refined stunt? This is the paint of dreams, fangs and neon. Hellish and hard to pull off. I was able to with this work quietly paint a sweet inner tale of childhood influences, rat fink and autobody shops. All while pretending to paint gwenom for the audience. More on that in bonus material. This is my alternate animation made specifically for crypto art collectors. It will only ever exist in this format. You get the Shiny, unused in media verified image. More on that in the bonus material. Mixed Media: Bio/Digital. Glycerin on 5'9" human skin 10-14 hours Performance art. Shot on Canon EOS RP. 16 + hours Photoshop and DaVinci Resolve. All Works are SFW. Art has been Seen on the front page of Reddit, Featured in the New York Times, Galileo.tv, and multiple other promotions including Twitch.tv, Disney Interactive, RIOT games, WB games, AMD and more! More on how this art is unique and potentially explosive in the NFT world: https://youtu.be/CXbNF2Y6srs ------------------------- The purchase of this NFT Grants the buyer unique bonus material. Physical Mail Bonus Package: A verified physical Art Print. Autographed from the artist in 12x16. Please allow a few weeks for delivery. Digital Bonus Package: This image in .mp4. An "About the Art" Video and an "From the Artist" introduction. A README.txt about the artwork with some personal notes and Links relevant to the artwork.