Tuesday, March 21, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home EVM News Polygon Chain

Instagram To Begin Testing NFTs This Week

by ethozedge
May 9, 2022
in Polygon Chain
Reading Time: 4 mins read
A A
0
Share on FacebookShare on Twitter


Instagram is making preparations to accept non-fungible tokens (NFTs). Meta CEO Mark Zuckerberg announced in a Facebook video that the network will begin testing the introduction of “digital collectibles” this week.

Instagram To Begin NFT Testing

For a long time, the writing has been on the wall for NFTs on Instagram. In March, Zuckerberg announced that NFTs would be added to the platform, following a January revelation that the business was looking into the functionality.

Instagram CEO Adam Mosseri announced today that the site will begin testing NFTs with a restricted group of creators in the US this week. There will be no expenses related with uploading or sharing a digital collectible on Instagram, according to Mosseri.

NFTs on Instagram 🎉

This week we’re beginning to test digital collectibles with a handful of US creators and collectors who will be able to share NFTs on Instagram. There will be no fees associated with posting or sharing a digital collectible on IG.

See you next week! ✌🏼 pic.twitter.com/VuJbMVSBDr

— Adam Mosseri (@mosseri) May 9, 2022

Ethereum and Polygon are now supported blockchains for showing NFTs on Instagram, with support for Flow and Solana coming shortly. Rainbow, MetaMask, and Trust Wallet are among the third-party wallets that will be compatible upon launch, with Coinbase, Dapper, and Phantom to follow soon.

Creators and participants in the test can now share NFTs that they have developed or purchased. These NFTs can be shared in your main Feed, Stories, or communications. Only a small number of people have access to the test, according to Mosseri, but the business wants to expand its NFT functionality in the future once it receives feedback from its initial testing.

instagram

BTC/USD plummets to lowest since start of the year. Source: TradingView

In a video uploaded on Facebook, Mark Zuckerberg, co-founder and CEO of Meta Platforms, stated that Instagram would begin testing NFTs as soon as this week. Zuckerberg described NFTs as “digital collectibles,” and said the choice to test them on Instagram was made so “creators and collectors can display their NFTs” on their profiles.

“We’re starting building for NFTs not just in our metaverse and Reality Labs work, but also across our family of apps,” Zuckerberg says. “We’re starting to test digital collectibles on Instagram so that creators and collectors can display their NFTs.”

Support for NFTs is connected to expression, according to the meta CEO, and will allow users to showcase more about themselves using the crypto-backed currencies. He added:

“I’m really excited to start testing this. We’re going to bring similar functionality to Facebook soon, too, and then maybe to other apps in our family. We’re also going to work on augmented reality NFTs, basically 3D NFTs, that you can bring to Instagram Stories using Spark AR, that’s our software AR platform. So you can put this kind of digital art into 3D space and kind of project it onto physical spaces as well.”

Related reading | Zuckerberg: NFTs Coming To Instagram “In The Near Term”

Meta Has A New Focus

Zuckerberg’s explanation of how NFTs will be integrated into Instagram, an app that was formerly focused on photo sharing, appears to signal that the platform’s vision has shifted in the last year. Instagram has made a concerted attempt to fight TikTok’s appeal, but what Zuckerberg is contemplating is a trip into the unknown in terms of popularity or utility.

Alexandru Voica, EMEA tech comms at Meta, said in a series of tweets that have since been deleted that “In the metaverse, people will buy, use, and share digital goods and experiences, and NFTs are a key piece of the puzzle for making this a reality,”

Meta is starting with NFTs since they represent a key component of the metaverse’s economic potential, but it is one of the technologies that the business is studying, according to Voica. Meta is looking into a wide spectrum of web3 technology, according to Voica, because the business believes that these technologies will help creators and people all over the world innovate faster.

The official debut comes just weeks after Zuckerberg stated at SXSW that Meta would be bringing NFTs to Instagram soon. In addition, Instagram conducted “Creator Week” last summer, an invite-only virtual conference that the firm described in its invitations as a “private event for NFT creators.”

While Twitter allows users to post an NFT as a profile image, Instagram’s full integration of an NFT marketplace would be the most significant show of support for the format to date. It arrives at an interesting time, though, because the value of NFTs has plummeted in recent weeks, beginning with the poor return on investment for the individual who bought the NFT of Twitter co-founder Jack Dorsey’s first tweet.

Related Reading | NFT Sales Plunges to $63 Million Over The Past Week, Bubble Burst?

Featured image from Pixabay, Chart from TradingView.com





Source link

Tags: bitcoin newscrypto analysiscrypto newsEthoz EdgeInstagramLatest bitcoin newslatest crypto newsNFTsTestingWeek
Share76Tweet47

Related Posts

Shiba Inu Whale Moves 24 Trillion SHIB From Crypto Exchange To Cold Storage

by ethozedge
March 21, 2023
0

An unknown Ethereum address has transferred almost 25 trillion Shiba Inu tokens worth over $250 million from a top crypto...

Exploring The Best Solana Wallet

by ethozedge
March 20, 2023
0

Phantom Wallet makes securing your assets on the Solana blockchain much easier. But what about this browser extension wallet makes...

Complete Review On Crypto.com Exchange 2021

by ethozedge
March 20, 2023
0

IntroductionIn a race to get the best out of the crypto world, everyone is in a search of safe, user-friendly...

‘China’s MATIC’ Conflux (CFX) Is Officially Unicorn as $1 Billion Market Cap Is Achieved

by ethozedge
March 19, 2023
0

Gamza Khanzadaev Conflux Network token rises 130% to become most profitable crypto asset of week in top 100 Disclaimer: The...

Snoop Dogg’s Shiller looks to transform the creator economy with web3 – SlateCast #55

by ethozedge
March 19, 2023
0

In a recent episode of SlateCast, Akiba from CryptoSlate engaged in a conversation with Fitzy, a key player at Shiller.io,...

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

Crypto Fear And Greed Index Surges To 16-Month High As Bitcoin Breaches $28,000

March 21, 2023

Shiba Inu Whale Moves 24 Trillion SHIB From Crypto Exchange To Cold Storage

March 21, 2023

FL Gov. DeSantis Proposes Ban on Central Bank Digital Currency Use as Money – Bitcoin News

March 21, 2023

Euler hacker offers to negotiate return of funds

March 20, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$27,859.00-2.25%
  • ethereumEthereum(ETH)$1,750.98-2.69%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.010.16%
  • binancecoinBNB(BNB)$333.89-1.74%
  • usd-coinUSD Coin(USDC)$1.010.10%
  • rippleXRP(XRP)$0.3898530.65%
  • cardanoCardano(ADA)$0.337719-2.74%
  • staked-etherLido Staked Ether(STETH)$1,748.65-2.75%
  • matic-networkPolygon(MATIC)$1.10-5.89%
  • dogecoinDogecoin(DOGE)$0.071584-4.72%
  • solanaSolana(SOL)$21.87-6.41%
  • binance-usdBinance USD(BUSD)$1.010.36%
  • polkadotPolkadot(DOT)$6.08-6.34%
  • shiba-inuShiba Inu(SHIB)$0.000010-4.29%
  • tronTRON(TRX)$0.066179-1.38%
  • litecoinLitecoin(LTC)$79.02-5.51%
  • avalanche-2Avalanche(AVAX)$16.69-5.69%
  • daiDai(DAI)$1.000.09%
  • uniswapUniswap(UNI)$6.18-4.97%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,831.00-2.27%
  • ToncoinToncoin(TON)$2.390.38%
  • chainlinkChainlink(LINK)$6.96-3.49%
  • cosmosCosmos Hub(ATOM)$11.50-5.87%
  • leo-tokenLEO Token(LEO)$3.390.58%
  • moneroMonero(XMR)$154.02-1.13%
  • ethereum-classicEthereum Classic(ETC)$19.73-6.65%
  • okbOKB(OKB)$45.53-5.30%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • bitcoin-cashBitcoin Cash(BCH)$127.48-6.31%
  • filecoinFilecoin(FIL)$5.74-7.93%
  • stellarStellar(XLM)$0.086967-1.86%
  • AptosAptos(APT)$11.97-7.36%
  • true-usdTrueUSD(TUSD)$1.010.06%
  • lido-daoLido DAO(LDO)$2.28-6.63%
  • quant-networkQuant(QNT)$125.57-5.87%
  • hedera-hashgraphHedera(HBAR)$0.060768-5.44%
  • crypto-com-chainCronos(CRO)$0.069595-7.92%
  • nearNEAR Protocol(NEAR)$1.97-7.57%
  • vechainVeChain(VET)$0.022562-8.20%
  • blockstackStacks(STX)$1.19-8.84%
  • internet-computerInternet Computer(ICP)$5.08-5.63%
  • algorandAlgorand(ALGO)$0.208222-5.60%
  • apecoinApeCoin(APE)$4.01-5.30%
  • the-graphThe Graph(GRT)$0.146417-7.23%
  • eosEOS(EOS)$1.14-5.17%
  • fantomFantom(FTM)$0.453034-11.65%
  • the-sandboxThe Sandbox(SAND)$0.64-7.91%
  • immutable-xImmutableX(IMX)$1.28-12.10%
  • aaveAave(AAVE)$75.40-5.14%
  • elrond-erd-2MultiversX(EGLD)$42.94-3.83%
  • decentralandDecentraland(MANA)$0.59-7.73%
  • flowFlow(FLOW)$1.04-5.50%
  • tezosTezos(XTZ)$1.15-7.94%
  • fraxFrax(FRAX)$1.00-0.22%
  • theta-tokenTheta Network(THETA)$1.00-6.43%
  • axie-infinityAxie Infinity(AXS)$8.40-8.67%
  • kucoin-sharesKuCoin(KCS)$9.31-1.61%
  • havvenSynthetix Network(SNX)$2.86-3.31%
  • neoNEO(NEO)$12.08-8.40%
  • conflux-tokenConflux(CFX)$0.398109-13.66%
  • rocket-poolRocket Pool(RPL)$40.18-6.51%
  • optimismOptimism(OP)$2.46-8.14%
  • BitDAOBitDAO(BIT)$0.53-3.39%
  • paxos-standardPax Dollar(USDP)$1.010.22%
  • gatechain-tokenGate(GT)$5.32-2.84%
  • terra-lunaTerra Luna Classic(LUNC)$0.000125-5.27%
  • curve-dao-tokenCurve DAO(CRV)$0.95-5.51%
  • usddUSDD(USDD)$1.000.02%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.82-1.73%
  • klay-tokenKlaytn(KLAY)$0.226946-4.23%
  • bitcoin-cash-svBitcoin SV(BSV)$35.77-3.78%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.74-5.97%
  • mina-protocolMina Protocol(MINA)$0.78-9.86%
  • huobi-tokenHuobi(HT)$4.061.80%
  • gmxGMX(GMX)$76.80-7.04%
  • sapphireSapphire(SAPP)$0.7035.32%
  • chilizChiliz(CHZ)$0.117900-4.43%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • dashDash(DASH)$54.85-4.41%
  • ecasheCash(XEC)$0.000031-5.19%
  • makerMaker(MKR)$663.63-5.31%
  • xdce-crowd-saleXDC Network(XDC)$0.04293521.21%
  • iotaIOTA(MIOTA)$0.210272-5.64%
  • frax-shareFrax Share(FXS)$7.85-6.69%
  • bittorrentBitTorrent(BTT)$0.000001-9.04%
  • singularitynetSingularityNET(AGIX)$0.462249-9.06%
  • Bitget TokenBitget Token(BGB)$0.380325-0.89%
  • EdgecoinEdgecoin(EDGT)$1.01-0.06%
  • compound-ethercETH(CETH)$35.02-3.17%
  • Tokenize XchangeTokenize Xchange(TKX)$6.29-1.85%
  • pax-goldPAX Gold(PAXG)$1,977.18-1.89%
  • trust-wallet-tokenTrust Wallet(TWT)$1.19-4.88%
  • tether-goldTether Gold(XAUT)$1,976.44-1.81%
  • render-tokenRender(RNDR)$1.30-10.01%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • osmosisOsmosis(OSMO)$0.81-4.85%
  • zilliqaZilliqa(ZIL)$0.027334-6.92%
  • compound-usd-coincUSDC(CUSDC)$0.0228910.03%
  • arweaveArweave(AR)$8.51-6.33%
  • radixRadix(XRD)$0.041915-3.57%
  • 1inch1inch(1INCH)$0.51-6.77%
  • loopringLoopring(LRC)$0.338924-9.34%
  • thorchainTHORChain(RUNE)$1.40-4.61%
  • oec-tokenOKC Token(OKT)$23.20-5.83%
  • mask-networkMask Network(MASK)$5.37-12.22%
  • kavaKava(KAVA)$0.91-7.01%
  • convex-financeConvex Finance(CVX)$5.36-6.08%
  • fetch-aiFetch.ai(FET)$0.389022-7.58%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,872.02-2.70%
  • gemini-dollarGemini Dollar(GUSD)$1.01-0.35%
  • DeFiChainDeFiChain(DFI)$0.58-3.18%
  • enjincoinEnjin Coin(ENJ)$0.390819-8.91%
  • casper-networkCasper Network(CSPR)$0.035957-3.53%
  • nexoNEXO(NEXO)$0.695.71%
  • btse-tokenBTSE Token(BTSE)$2.38-0.73%
  • FLOKIFLOKI(FLOKI)$0.000039-1.01%
  • MagicMagic(MAGIC)$1.79-1.47%
  • dydxdYdX(DYDX)$2.48-9.18%
  • FlareFlare(FLR)$0.0313381.97%
  • cdaicDAI(CDAI)$0.022239-0.25%
  • zcashZcash(ZEC)$33.98-7.26%
  • WEMIXWEMIX(WEMIX)$1.52-0.05%
  • baby-doge-coinBaby Doge Coin(BABYDOGE)$0.000000-1.80%
  • DogechainDogechain(DC)$0.001787-24.98%
  • EthereumPoWEthereumPoW(ETHW)$3.31-3.94%
  • basic-attention-tokenBasic Attention(BAT)$0.237279-7.68%
  • ethereum-name-serviceEthereum Name Service(ENS)$13.58-6.00%
  • nemNEM(XEM)$0.038107-7.74%
  • Nexus MutualNexus Mutual(NXM)$50.10-2.86%
  • woo-networkWOO Network(WOO)$0.196425-8.84%
  • terra-luna-2Terra(LUNA)$1.38-5.46%
  • qtumQtum(QTUM)$3.12-9.64%
  • theta-fuelTheta Fuel(TFUEL)$0.052922-6.97%
  • holotokenHolo(HOT)$0.001779-6.78%
  • Gains FarmGains Farm(GFARM2)$8,770.38-3.39%
  • injective-protocolInjective(INJ)$3.93-6.92%
  • nucypherNuCypher(NU)$0.24240135.77%
  • galaGALA(GALA)$0.041582-11.86%
  • ravencoinRavencoin(RVN)$0.025934-7.64%
  • kusamaKusama(KSM)$33.74-7.87%
  • celoCelo(CELO)$0.61-9.06%
  • Aleph ZeroAleph Zero(AZERO)$1.37-4.76%
  • compound-governance-tokenCompound(COMP)$43.34-6.25%
  • KaspaKaspa(KAS)$0.0167461.88%
  • decredDecred(DCR)$19.65-4.78%
  • oasis-networkOasis Network(ROSE)$0.057813-8.18%
  • olympusOlympus(OHM)$10.24-1.34%
  • BeldexBeldex(BDX)$0.054760-0.73%
  • Access ProtocolAccess Protocol(ACS)$0.009458-8.13%
  • AstarAstar(ASTR)$0.065092-7.32%
  • gnosisGnosis(GNO)$109.42-2.43%
  • bitcoin-goldBitcoin Gold(BTG)$16.09-6.52%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.000000-1.87%
  • audiusAudius(AUDIO)$0.280907-7.97%
  • yearn-financeyearn.finance(YFI)$8,462.67-4.35%
  • linkLINK(LN)$41.00-1.54%
  • Bone ShibaSwapBone ShibaSwap(BONE)$1.20-0.91%
  • ankrAnkr Network(ANKR)$0.033206-7.88%
  • omisegoOMG Network(OMG)$1.90-11.23%
  • liquity-usdLiquity USD(LUSD)$1.020.27%
  • balancerBalancer(BAL)$6.54-3.51%
  • chiaChia(XCH)$37.52-2.89%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • SSV NetworkSSV Network(SSV)$35.92-5.38%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • huobi-btcHuobi BTC(HBTC)$27,904.00-1.48%
  • stepnSTEPN(GMT)$0.397157-9.90%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • AstraferAstrafer(ASTRAFER)$1.59-4.51%
  • harmonyHarmony(ONE)$0.020076-8.99%
  • convex-crvConvex CRV(CVXCRV)$0.85-4.95%
  • Gains NetworkGains Network(GNS)$7.94-6.76%
  • golemGolem(GLM)$0.241700-6.08%
  • justJUST(JST)$0.027104-2.65%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • moonbeamMoonbeam(GLMR)$0.386477-7.25%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • iotexIoTeX(IOTX)$0.024468-6.83%
  • ecomiECOMI(OMI)$0.000850-2.70%
  • DAO MakerDAO Maker(DAO)$1.54-11.02%
  • escoin-tokenEscoin(ELG)$2.85-0.13%
  • BlurBlur(BLUR)$0.55-3.20%
  • kadenaKadena(KDA)$1.01-5.00%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • wavesWaves(WAVES)$2.23-3.99%
  • jasmycoinJasmyCoin(JASMY)$0.004690-6.21%
  • tether-eurtEuro Tether(EURT)$1.07-0.07%
  • sushiSushi(SUSHI)$1.15-7.04%
  • amp-tokenAmp(AMP)$0.003942-4.63%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • LiquityLiquity(LQTY)$2.391.83%
  • terrausdTerraClassicUSD(USTC)$0.022127-3.16%
  • Frax EtherFrax Ether(FRXETH)$1,750.48-2.73%
  • bloxBlox(CDT)$0.3113430.33%
  • band-protocolBand Protocol(BAND)$1.69-6.99%
  • siacoinSiacoin(SC)$0.004006-6.19%
  • Ankr Staked ETHAnkr Staked ETH(ANKRETH)$1,925.73-2.13%