The main company behind Instagram and Facebook, Meta, recently introduced a completely new development in the initiative of digital arts. As of the 29th of September, every user on both platforms would be able to connect their wallets- thereby allowing them to share their NFTs throughout 100 countries.
Another part of the feature would be users being able to tag collectors and creators- after which they could cross-post several digital collectibles between platforms without having to pay any fee. In the month of August, the parent company had allowed the users to post any form of NFT that they had been the owners of across Instagram and Facebook. Further, the company announced that it would allow for international expansion to a whole host of countries in Asia-Pacific, Africa, the Americas, and the Middle East.
Meta Could Be Bringing In Major Changes To How It Has Always Advertised And Popularized Digital Collectibles
This move by Meta had several users of Twitter expressing their concern regarding the privacy and safety of the data that would be transmitted through the digital wallets of the customers to the platform of this company. Back in April 2021, close to half a billion users on Facebook saw their personal information being leaked through a hacking forum that had been reasonably well-trafficked. According to figures put out by Statista, both Instagram and Facebook have close to 1.4 billion and 2.9 billion monthly active users respectively.
In pursuit of this announcement, Meta also added their continued support towards other third-party wallets such as MetaMask, Rainbow, Coinbase Wallet, Trust Wallet, and Dapper Wallet. The company would also support the blockchains of Flow, Polygon, and Ethereum.