Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Integrating NFT with Instagram
Tech and Marketing

Integrating NFT with Instagram: Meta has launched a new project

15.10.2022
2 min read

NFT integration is now available in social networks from Meta

In May of this year, Meta Corporation launched a new project with the use of non-interchangeable tokens. It will integrate NFT into the social network Instagram. We are talking about tokens created on the basis of the ecosystems of Ethereum, Solana, and others.
Initially, the project is designed for a limited number of users from the United States, but over time, its capabilities will be available to a wider audience. According to a statement from Meta, NFT will become available on Instagram through a digital wallet, such as MetaMask. Users will be able to make token transactions on the platform without paying a fee. It will also be possible to put NFT as a profile photo, a feature that is already available on Twitter and a number of other social networks.
In the future, NFT will be integrated with augmented reality tools SparkAR, which allow you to develop your own filters for stories. Thus, the authors of the project want to demonstrate the possibilities of implementing digital art in physical spaces.
Not so long ago Meta announced the expansion of the functionality of the NFT integration project. Now tokens are available not only for Instagram users but also for Facebook users. In addition, the authors added the possibility to connect a digital wallet to any of the applications that allow exchanging tokens.Integrating NFTNow the project is available in 100 countries in different regions, including Africa, the Middle East, Asia, North and South America. The integration from Meta is compatible with digital wallets from Coinbase and Dapper. In addition, users will be able to place digital collection objects based on the Flow blockchain on Meta’s platforms. The company also announced integration with the Phantom ecosystem, but it is not yet known when it will be available.
The Meta Corporation pays active attention to the development of new digital solutions. For example, Mark Zuckerberg’s company is investing in the direction of metaverses, but so far it is unprofitable. According to last quarter’s data, the number of losses in the virtual reality sector was $2.8 billion. Revenue fell from $695 million to $452 million, with an overall figure for the corporation of nearly $20 billion. Experts expect a decline in the current quarter.
However, Meta representatives are in no hurry to panic. According to them, they are focused on the long term and are ready for a decline. Zuckerberg himself is confident that in the near future, metaverses will bring the company hundreds of billions of dollars, but before that, it will have to go through a difficult period.
Meta previously announced the launch of a web-based version of Horizon Worlds, but the exact date is unknown. In addition, a virtual reality headset Project Cambria, which has already been praised by experts, is in development.

Tags: Tech and Marketing
0
Previous Post Goldman Sachs: why invest in commodities Next Post Forbes: bitcoin transactions on exchanges have a high risk of fictitiousness

You Might Also Like

Bitcoin mining-2
Tech and Marketing
CCAF: Bitcoin mining reduces reliance on traditional energy sources
03.07.2025
ranking tracker
Tech and Marketing
Keyword ranking tracker as an effective website improvement tool
04.10.2024
Digital solutions as an effective tool
Tech and Marketing
Digital solutions as an effective tool for business
04.08.2022
integrate cryptocurrencies
Tech and Marketing
Integration of cryptocurrencies into the banking system: all the pros and cons
03.12.2022
eco-cards
Tech and Marketing
Bank of Ireland began issuing eco-cards
04.01.2023
A2A payments benefits
Tech and Marketing
A2A payments have found a second lease on life in today’s market
21.11.2024

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Popular Posts

  • Spain’s economy performs best in the EU
  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics