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Launches NFT Augmented Reality on Meta Instagram Storage and Launches Meta Pay

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Mark Zuckerberg recently integrated NFTs into Instagram stories through Spark AR (Augmented Reality) that allows creators and users alike to incorporate their digital NFTs into their stories, bringing a new lease of reality to the Met State. And what’s more, Zuckerberg is currently planning to launch it on Facebook with selected U.S. manufacturers.

“After we launch the feature on Facebook with selected US manufacturers at a later date, manufacturers and collectors will be able to share their digital collectibles across Facebook and Instagram.”

Mark Zuckerberg is behind full NFT integration in both Instagram and Facebook because he sees interoperability as key. He sees a perspective where one can buy a gadget, for example, in the popular free-to-play online battle royal style game ‘Fortnight’, and yet one can quickly and seamlessly display that gadget through their Facebook avatar.

We’re far from making it a reality right now but recently launched Meta Pay, a digital wallet that will replace Facebook Pay, Zuckerberg said at its launch on Wednesday, June 22nd:

“In the future, there will be all kinds of digital items that you want to create or buy – digital clothing, art, video, music, experiences, virtual events and much more. Proof of ownership will be important, especially if you want to take some of these items with you across different services. Ideally, you should be able to sign in to any Metaverse experience and everything you buy should be right there. There is still a long way to go, but this kind of interaction will provide a much better experience for people and a greater opportunity for manufacturers. ”

Twitter effect

The launch of Meta Pay seems to be following in the footsteps of its social media competitor, Twitter, which launched NFTs on its platform in the Ethereum blockchain in January. Twitter has allowed Ethereum-based wallets to connect to platforms and display their NFT artwork as profile pictures. eBay has recently acquired Ethereum-based NFT Marketplace, Known Origin and expanded its Compass to Web3.

Zuckerberg had this to say about the integration of meta pay while formulating his vision for Metaverse:

“Ideally, you should be able to sign in to any Metaverse experience and everything you buy should be right there. There is still a long way to go, but this kind of interoperability will provide a much better experience for people and a greater opportunity for manufacturers, ”he said.

A metaverse standard body

One thing Zuckerberg is interested in with all of this is establishing some sort of standard body within the metavers. Meta is keen to join other like-minded technology companies in building this standard body. These companies include names like Adobe, Epic Games, Microsoft, Nvidia and Qualcomm, though not Apple. The purpose of this group is to ensure that the next version of the web is created with a shared policy for Web 3 and Metavers.

One of the main advantages of this body of standards is that it means that all digital worlds, or metavers, will be compatible with each other. Well, in addition to Apple, which is predicted to be a major player in the scene, especially once the tech giant unveils its mixed reality headset this year or next.

Speaking of which, Meta themselves have also planned a code name for their mixed reality headset ‘Cambria’ which is set to be released later this year.

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