🚨 Get Your Free NFT Certificate Mint by Completing the Web3 Exam! START NOW
My Learnlist: Coming Soon!
My Learnlist: Coming Soon!

Learn by real-life examples: Select, Track & Understand any cryptos with the unique Learnlist feature!

Notify Me!
Portfolio: Coming Soon!
Portfolio: Coming Soon!

Set your wallet & get powerful insights backed by data. Easily learn how to use it for your highest rewards!

Notify Me!

Meta Rolls Out NFTs on Facebook for Select US Creators

Meta Rolls Out NFTs on Facebook for Select US Creators

As NFTs are suffering from a significant downturn, Facebook begins testing the blockchain tokens in the US on its platform.

Meta, a social metaverse organization, has recently announced that it would be slowly firing up non-fungible tokens (NFTs) for a select group of US creators on Facebook. Navdeep Singh, Meta product manager, shared a sneak peek of what everything will look like:

How Do KYC & AML Work in Crypto? (Explained)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

How Do KYC & AML Work in Crypto? (Explained)

How Do KYC & AML Work in Crypto? (Explained) How Do KYC & AML Work in Crypto? (Explained)

Singh mentioned that users will be able to see more details about a particular digital collective by clicking on the creator’s NFT posted on the Facebook timeline.

According to the official announcement issued on June 30th, creators will have the ability to share their work on Facebook under a new “digital collectibles” tab, just like in Instagram, which also added NFT support back in May. More notably, Facebook users will be able to share, like, or comment on the posted NFT, with the possibility to verify NFT ownership by connecting their Facebook profiles to a cryptocurrency wallet, including Rainbow, Trust Wallet, and MetaMask.

Facebook is reportedly starting with Polygon (MATIC) and Ethereum (ETH) NFTs. However, the platform is planning to introduce the unique blockchain tokens on Flow and Solana in the near future as well.

Mark Zuckerberg, CEO of Facebook and co-founder of Meta Platforms, also noted that the company would be introducing 3D and AR-based NFTs that will be displayed on Instagram Stories. Earlier in June, Meta announced that a particular number of users outside the United States will also have the possibility to list their NFTs on Instagram, without any fees or costs.

Adam Mosseri, an American businessman and head of Instagram, recently mentioned that the list of talented NFT creators is exponentially growing every day. Thus, it was essential for Instagram to pursue such an initiative to roll out NFT features on the social media platform. He added:

“Now, we think one really interesting opportunity for a subset of creators is NFTs—the idea of owning a unique digital item.”

Zuckerberg shared that Facebook Messenger and WhatsApp users will eventually be able to share their NFTs on the communication platforms as well.

Aaron S., Editor-In-Chief
Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.



Earn Huge Exclusive Binance Learners Rewards