Meta announced non-fungible token (NFT) support to both, Instagram and Facebook. Social media users can now post digital collectibles in their digital wallets across Facebook and Instagram. Users need to connect their digital wallets to Instagram and Facebook to be able to access their NFTs.
Meta has been planning to introduce NFTs since May. Meta mentioned in a blog post that the new launch is expanding to Africa, Asia-Pacific, the Middle East, and the Americas. Additionally, the digital wallets have been partnered with Coinbase Wallet and Dapper for connectivity. Reportedly, Meta also allows posting of collectibles minted on the Flow blockchain.
The company is making the move a few weeks after it expanded access to Instagram's NFT functions in dozens more countries. It started testing NFTs on Facebook earlier this summer. Meta is moving deeper into NFT territory even though the market for the digital tokens has nosedived in recent months. There are indications that Meta is working on a marketplace where people can buy and sell NFTs, but whether people will actually use it remains to be seen.
Source of information from: [ https://www.engadget.com/facebook-nfts-support-instagram-meta-191740915.html]