NFT Instagram And Facebook Sharing Now In The US [Updated]
Meta announced that it would allow US users to share non-fungible tokens on Facebook and Instagram. Also, it allowed more than 100 countries to share NFTs on the latter.
People in the United States may connect their crypto wallets to their profiles. Then, they could make posts featuring the NFTs in them.
Meta said NFT Instagram and Facebook sharing “automatically tags the creator and collector.” Even better, activating the feature requires a few taps.
How do the new NFT Instagram and Facebook feature work?
Non-fungible tokens record the ownership of physical and digital objects via crypto networks like Ethereum. Now, you can share NFTs on Meta’s social media apps.
First, ensure you have the latest Facebook and Instagram apps version. Then, make sure you have a digital wallet installed on your phone.
Examples include MetaMask, Trust Wallet, Rainbow, Dapper Wallet, and Coinbase Wallet. Brands like Samsung offer built-in crypto wallets like Samsung Blockchain.
Sign in to your Facebook or Instagram account. Next, connect to your preferred wallet by tapping the “Digital Collectibles” tab under Settings.
Meta refers to non-fungible tokens as “digital collectibles” because it appeals to executives. Consequently, the option that toggles NFT sharing has that name.
The company said a notification would appear on your screen afterward. Then, you must follow the on-screen instructions for your wallet app.
A second notification should appear. Tap the Sign option, then the OK option to confirm the wallet connection. Afterward, you may look at the NFTs in your wallet via the Instagram and Facebook app.
— Meta Newsroom (@MetaNewsroom) August 29, 2022
NFT Instagram and Facebook sharing works like posting on your feed. The News Feed section will show your available non-fungible tokens.
Alternatively, you may share NFTs directly from your crypto wallet by tapping the Share to Feed option. NFT posts stand out with their shimmer effects!
Meta stated that it would not charge fees for sharing or posting digital collectibles via Instagram and Facebook.
New NFT Instagram features include minting and selling tokens.
On November 3, 2022, Meta announced that it would expand the NFT Instagram features. Aside from sharing non-fungible tokens, it would enable users to mint them too.
In other words, IG users may now create NFTs. Polygon is the first crypto network that collaborated with Meta to enable this new feature.
Moreover, the Instagram app will allow users to buy and sell these NFTs. IG assured people that it would not take a portion of creator revenues.
Instagram added support for the Solana blockchain and its Phantom digital wallet. Also, the social media network will let users see data from the OpenSea NFT marketplace.
Instagram and Facebook gain TikTok-like features.
Meta seems to have adopted monetization features that are similar to TikTok. For example, Instagram and Facebook users may buy Stars as gifts for their favorite online personalities.
In turn, influencers could convert these Stars into USD and other fiat currencies. Additionally, Facebook launched the Stars Party feature.
It is like a fundraising feature that ends in a celebration once the creator reaches a goal. For example, the influencer will have a Stars Party once he or she gathers a specific number of Stars.
Meta made it easier for online influencers to speak with Star givers. For example, the new Comments Manager filters all Star comments so they can easily respond.
The current NFT trading volume has declined by 97% since its peak. That is bad news for people who have been waiting to sell at a later date.
On the other hand, now could be your chance to purchase non-fungible tokens at low prices. Also, the new NFT Instagram and Facebook features could make it easier.
Note that this article does not provide investment advice. Know the potential benefits and risks of NFTs and other assets before investing. You can start by reading more Inquirer Tech articles.