Meta expands NFT support on Instagram to over 100 countries

Meta expands NFT support on Instagram to over 100 countries

Facebook owner Meta has announced that the company is rolling out its international expansion of non-fungible tokens (NFT) on Instagram.

Users and businesses in more than 100 countries in Africa, Asia-Pacific, the Middle East and the Americas will now be able to share their NFTs on Instagram.

This development follows Meta’s initial NFT expansion test launch in May 2022. Prior to the expansion, the support was only available to select creators in the United States.

Meta has not yet disclosed which countries in Africa will benefit from the NFT expansion out of the more than 100 countries selected.

Instagram’s NFT functionality allows users to connect a digital wallet, share NFTs and automatically tag both a creator and collector for attribution. You can share NFTs in your main Instagram Feed, Stories or in messages.

Once you post a digital collectible, it will have a shimmer effect and can display public information, such as a description of the NFT.

In order to post a digital collectible on Instagram, you need to connect your digital wallet to Instagram. As of today, Instagram supports connections with third-party wallets including Rainbow, MetaMask, Trust Wallet, Coinbase Wallet and Dapper Wallet.

Supported blockchains include Ethereum, Polygon and Flow. The social network noted that there are no fees associated with posting or sharing a digital collectible on Instagram.

Meta says the expansion reflects its work to expand access to web3 technology through NFTs, and support creators who want to monetize their work and build community with their fans and collectors.