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NFTs News

Instagram Will Soon Allow Users To Mint And Sell NFT On Polygon-powered NFT Marketplace

November 3, 2022 - Around 2 mins mins to read
Instagram will soon feature a marketplace for NFTs, beginning with support for Polygon, in Meta’s latest push to grow into the crypto sector.
Instagram Will Soon Allow Users To Mint And Sell NFT On Polygon-powered NFT Marketplace

The functionalities are now available to a select set of creators in the United States and will be spread to other countries in the near future. Meta also stated that support for Solana’s Phantom wallet is now available and that information about OpenSea collections can now be seen on the platform.

A $100 billion creator economy cannot be achieved without a digital economy with higher mobility than today’s web services, according to Stephane Kasriel, Meta’s commerce fintech and Web3 head, in a blog post. Meta’s long-term goal is to help creators make a livelihood, and the business will not charge fees in its digital collectible marketplace until 2024, and it will pay any blockchain-related gas expenses.

Polygon co-founder Sandeep Nailwal stated:

“The value added to the creator economy is unmatchable and championing verifiable digital ownership on a platform with such reach will help us further our goal of onboarding the next billion users to Web3.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Instagram

Meta

OpenSea

Polygon

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
NFTs News

Instagram Will Soon Allow Users To Mint And Sell NFT On Polygon-powered NFT Marketplace

Instagram will soon feature a marketplace for NFTs, beginning with support for Polygon, in Meta’s latest push to grow into the crypto sector.
Instagram Will Soon Allow Users To Mint And Sell NFT On Polygon-powered NFT Marketplace

The functionalities are now available to a select set of creators in the United States and will be spread to other countries in the near future. Meta also stated that support for Solana’s Phantom wallet is now available and that information about OpenSea collections can now be seen on the platform.

A $100 billion creator economy cannot be achieved without a digital economy with higher mobility than today’s web services, according to Stephane Kasriel, Meta’s commerce fintech and Web3 head, in a blog post. Meta’s long-term goal is to help creators make a livelihood, and the business will not charge fees in its digital collectible marketplace until 2024, and it will pay any blockchain-related gas expenses.

Polygon co-founder Sandeep Nailwal stated:

“The value added to the creator economy is unmatchable and championing verifiable digital ownership on a platform with such reach will help us further our goal of onboarding the next billion users to Web3.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News