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Meta Confirms NFT Rollout Across 100 Countries Amid Coinbase Integration
Following a series of testing phases, NFT integration is now live on Instagram across 100 countries.
Social media giant Meta (META) has started to roll out non-fungible tokens (NFT) across 100 countries after integrating with Coinbase (COIN) Wallet and Dapper.
- Meta's founder and CEO, Mark Zuckerberg, confirmed the rollout in a post on Facebook.
- Instagram users in certain countries will now be able to showcase their NFTs after a successful testing phase in May.
- The social media platform will also add support for Flow Blockchain, according to a tweet by Meta.
- Last month, Meta product manager Navdeep Singh said that testing was also underway on Facebook as it aimed to enable cross-platform posting involving NFTs.
- Meta's share price is currently down by 1.07% at $167. Coinbase (COIN), meanwhile, jumped by over 31% on news that it has partnered with asset manager BlackRock (BLK) to offer crypto trading to institutional investors.
Read more: Facebook Parent Meta Loses $2.8B on Metaverse Division in Q2
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Oliver Knight
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
