Facebook and Instagram users can post NFTs from digital wallets

Meta (formerly Facebook) has made no secret of the fact that it aims to rule all things in the metaverse and NFT space. Another step towards this dominance is by integrating NFTs into its social media app. For all intents and purposes, this can be seen as permission for Facebook NFTs and Instagram NFTs.

Even if NFTs explode in popularity by 2022, it makes sense that Meta will create a way that brings them to the platform. Meta is led, of course, by Mark Zuckerberg who has long described his passion for all things meta. This latest move seems to be moving closer to a decentralized metaverse, where users can create and monetize those creations, a reality.

March 2022 on the horizon

The concept of Facebook and Instagram NFTs was first revealed in March this year. There was little detail provided by Meta about what plans are in the pipeline at this time. However, the mere thought of what might come of it created a huge amount of excitement.

It took another two months and then, in May, Meta started working on this much-anticipated project. By August 4th, Instagram NFT was born, with users from 100 countries able to post digital collections. These collectibles had to be minted on the Flow blockchain in order to link to wallets that supported the Ethereum or Polygon blockchains.

Latest update

So, where are we now with Instagram and Facebook NFTs? Well, the latest announcement centered around the fact that Facebook was now included alongside Instagram. This means that users of both platforms are now able to connect their digital wallets and share their collectibles.

With Facebook just shy of 3 billion users, and Instagram having nearly 1 billion monthly active users, the potential here is tremendous. There is an opportunity to share NFTs with the public and even further demystify them

Just one limitation

If you’re interested in starting to share NFT across meta social media platforms, there’s just one limitation: you can only connect your digital wallets to apps on your smartphone. This means that if you rely on third-party browsers to access your accounts, you’re going to struggle

It’s fair to say that most users these days tend to stick to one app, so this limitation isn’t likely to cause much of a problem. Its impact must be limited.

With a failed stablecoin conjuring up a distant memory, it looks like the meta may be venturing back into crypto. Now in the payment sector. With an application filed at the US Patent and Trademark Office for a platform referred to as ‘Meta Pay’, it certainly appears that there is something else on the horizon.

With Meta itself experiencing revenue declines in the second quarter of this year, Zuckerberg remains optimistic that the digital assets space is nothing short of a tremendous opportunity.

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