Meta Integrates With Coinbase Wallet, MetaMask; Expands NFT Scope

Meta on Thursday announced plans to expand NFT feature to 100 countries across Africa, Asia-Pacific, the Middle East, and the Americas. This comes at the back of its grand plans to integrate Non-Fungible Tokens (NFTs) on social media platforms. The Meta NFT integration is aimed at allowing people to display NFTs as profile pictures. Going forward, Meta’s NFT plans could also pave way for the company’s own NFT market place.

Meta chief executive officer Mark Zuckerberg has in the past revealed his vision on combining NFTs with Metaverse. He indicated that in Meta’s long term plans, NFTs will be a part of the Metaverse ecosystem. Meta said it would be rolling out digital collectibles on Facebook. It will also allow people to display and share NFTs as AR stickers in Instagram Stories.

In a latest, Zuckerberg announced that his company was rolling out digital collectibles to 100 more countries. This will allow additional scope for a bigger community to use NFTs on Instagram, Meta said in an announcement.

“Mark Zuckerberg announced we are rolling out digital collectibles to 100 more countries. Now, more people, creators and businesses can showcase their NFTs on Instagram.”

Meta To Support Coinbase Wallet

Also, Meta announced it was launching integrations with Coinbase Wallet. Apart from the announcement on expanding NFT services to more countries, Meta also informed about new integrations. “Additionally, we now support wallet connections with the Coinbase Wallet and Dapper, as well as the ability to post digital collectibles minted on the Flow blockchain.”

To allow users to connect their digital wallets to Instagram, Meta is now supporting connections with various third-party wallets. These include Rainbow, MetaMask, Trust Wallet, Coinbase Wallet and Dapper Wallet. Also, Instagram now supports blockchains Ethereum, Polygon and Flow for NFT integration.

On the other side, Meta recently said its Novi platform would be closed starting next month. The Novi project was aimed at allowing remittances and international money transfers. However, this decision would not have any bearing on the company’s other digital assets projects like NFTs. The company clarified that Meta’s plans around NFTs would in no way change. Clearly, the announcement on Meta Coinbase Wallet is another move in that direction.

Anvesh reports major developments around crypto adoption and price analysis. Having been associated with the industry since 2016, Anvesh is a strong advocate of decentralized technologies. Follow Anvesh on Twitter at @AnveshReddyBTC and reach him out at [email protected]

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