In a May 10 blog post updated on Monday, Facebook`s parent company, Meta, said that some 2.9 billion customers from the social media platform will be able to share data collections and NFTs. The announcement will be made after an update on August 4th, and Instagram users in Meta100 countries will be able to share digital collectibles forged on the blockchain by Flow, which may come from Ethereum or Ethereum Polygon. In the second quarter of 2022, blockchain Wallets are posted to his account, which has an estimated 1 billion to 2 billion customers.
"As we continue our rollout of Facebook and Instagram Data Collections, we've started enabling people to post on Facebook and Instagram the digital collections they own," Meta said. "This will enable a person to link his data wallet to any application and easily share his data collection between the two."
We're introducing the ability to post data collections on @facebook and @instagram. You can now link your data wallet to any app to share your #NFT.
What NFT are you excited to share?
Connecting to digital wallets Facebook or Instagram appears to be app-only, not through a third-party browser. However, extending the reach of NFTs to every platform's Meta app smartphone could give the social networking giant an added bonus or option. Meta also filed an application with the United States Patent and Trademark Office, which named it the eponymous MetaPay encrypted payment system.
Related: FTC Sues Meta for Trying to Monopolize the Metaverse
Although Meta backed away from launching its own stablecoin in February in the face of opposition from regulators around the world, CEO Mark Zuckerberg said there is a "tremendous opportunity" in the digital currency as it grows. The currency industry can be multi-trillion dollar in size. The company reported a 1% year-over-year decline in earnings for the second quarter of 2022.
