05/08/2022 Meta Confirms NFT Rollout Across 100 Countries Amid Coinbase Integration
Following a series of testing phases, NFT integration is now live on Instagram across 100 countries.
Social media giant Meta (META) has started to roll out non-fungible tokens (NFT) across 100 countries after integrating with Coinbase (COIN) Wallet and Dapper.
- Meta's founder and CEO, Mark Zuckerberg, confirmed the rollout in apost on Facebook.
- Instagram users in certain countries will now be able to showcase their NFTs after a successfultesting phasein May.
- The social media platform will also add support for Flow Blockchain, according to atweetby Meta.
- Last month, Meta product manager Navdeep Singh said that testing was also underway on Facebook as it aimed to enable cross-platform posting involving NFTs.
- Meta's share price is currently down by 1.07% at $167. Coinbase (COIN), meanwhile, jumped by over 31% on news that it haspartnered with asset manager BlackRock(BLK) to offer crypto trading to institutional investors.
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