- Meta CEO has blended NFTs into Insta stories via AR, enabling the users as well as creators alike to encompass their virtual NFTs in the stories.
- Alongside it has also released Meta Pay, a virtual wallet which will fill the shoes of Facebook Pay.
- Release of Meta Pay appears to be following the same trail of Twitter, its social media contender.
NFTs For Instagram
There’s good news for the instagram users, as Zuck Bucks has integrated NFTs into the insta stories via Spark AR, enabling the folks to encompass their virtual NFTs into the stories.
It is also anticipated that the feature will be available on Facebook too.
Mark Zuckerberg thinks very highly of NFT,and wants to integrate the concept into Facebook as well as Instagram, as he believes in interoperability.
His vision is a little different. It is like this, a folk who acquires a gadget in a game, where he can also exhibit on platforms like Facebook and Instagram, via their digital characters.
Following The Trail
The release of Met Pay appears to be following the trail Twitter left. The social media contender released the NFTs to the platform during January on the blockchain of Ethereum.
This concept allowed Twitter users to link their digital wallets containing NFT(s), which then can be exhibited as their profile pictures.
Zuck Bucks also wants to establish some kind of standard bodies inside the Metaverse, and desires to join hands with tech mammoths such as Qualcomm, Nvidia, Microsoft, Epic Games, and Adobe.
The organization intends to make sure that the evolution of the internet is done precisely for Metaverse as well as web3.
Prime motive of the standard body will mean that all the virtual realms and metaverses will share compatibility with each other.
Metaverse is an interesting concept, and many think that it will be similar to the Novel and film adaptation Ready Player One.
Several think that the metaverse is a singular concept, in actuality, it is the combination of a myriad of digital worlds, which collectively create one single metaverse. So the interoperability in the metaverse will allow the folks in the virtual world to carry the items from one digital universe to another, and utilize it in distinct ways.
Source: https://www.thecoinrepublic.com/2022/06/25/meta-finally-rolls-out-meta-pay-and-augmented-reality-on-instagram/