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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.
Updated May 11, 2023, 5:37 p.m. Published Aug 4, 2022, 3:08 p.m.
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 a post on Facebook.
- Instagram users in certain countries will now be able to showcase their NFTs after a successful testing phase in May.
- The social media platform will also add support for Flow Blockchain, according to a tweet by 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 has partnered with asset manager BlackRock (BLK) to offer crypto trading to institutional investors.
Read more: Facebook Parent Meta Loses $2.8B on Metaverse Division in Q2
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