Blockzeit
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
  • EnglishEnglish
    • EnglishEnglish
    • DeutschDeutsch
    • PortuguêsPortuguês
Buy Crypto
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
Blockzeit
No Result
View All Result
Home NFTs
Meta NFT

Meta NFT

Meta is planning to enter the NFT business with Facebook and Instagram

Stephanie Aline Niggli by Stephanie Aline Niggli
January 21, 2022
in NFTs
Reading Time: 2 mins read
0
Share on FacebookShare on TwitterShare on LinkedinShare via WhatsappShare via Email

Meta – the company that owns Facebook and Instagram – wants to enable its users to create and sell NFTs. It seems that the social media giant now wants to fully participate in the NFT trend to capitalize on the digital collector craze.

Facebook and Instagram are preparing a feature that will allow users to display their NFTs on their social media profiles. The development teams are currently working on a prototype. This will help users create – or mint – the collectible tokens, according to several people familiar with the matter.

Two of the people said Meta has also discussed launching a marketplace where users can buy and sell NFTs. All of these plans appear to be in the early stages. But the discussions are Meta’s first attempts to enter the hype-filled world of NFTs, whose popularity has skyrocketed in the past year to become a $40 billion global market.

Companies are looking to profit from the NFT boom

The world’s leading NFT marketplace OpenSea, which has a 2.5 percent stake in every sale, raised $300 million this month at a valuation of $13 billion – just six months after raising $100 million at a valuation of $1.5 billion. Major U.S. cryptocurrency exchange Coinbase is launching its own marketplace. Meta competitor Twitter is currently testing NFT presentation capabilities, while Reddit has launched its own collection of NFT avatars.

Meta’s plans will also help artists monetize their digital art. That’s because these days, most of the money flows into selling expensive, limited-edition collections of NFTs like CryptoPunks and Bored Ape Yacht Club. Buyers of these exclusive collections usually post their works as their Twitter profile pictures to signal their notoriety online.

Twitter NFT verification is now live

Twitter also wants to participate in the NFT boom. The social media giant went live this week with NFT verification, which has been eagerly awaited by the NFT community. For now, this feature is only available to Twitter Blue members on iOS. To use this service they have to pay $3 per month.

Stephanie Aline Niggli
Stephanie Aline Niggli

Animal lover, PR & Communications expert, tech enthusiast who loves short and concise sentences.
Stephanie is one of the founders of Blockzeit. She sort of stumbled into the tech scene by working for various tech and IT companies as a PR Consultant some years ago – where she also learnt about blockchain and its incredible potential.

Previous Post

How To Find Valuable NFT Projects Early

Next Post

Polkadex Joins Second Round of Parachain Auctions with Community Crowdloan

Related Posts

images 2023 01 26T174148.231

Mythical Games Raises $50M, Releases NFT- Gaming Marketplace

by Ken Emmanuel
January 29, 2023
0

Mythical Games, a web3 gaming giant, may raise $50 million from investors to expand in the decentralized gaming space. This...

NFT Gaming Youtubers

3 NFT Gaming YouTubers to Watch and Follow: Get Ahead of the Game

by Edmond Herrera
January 28, 2023
0

GameFi has taken the crypto world by storm in the last few years and by 2022, it has progressively inched...

porsche.718 cayman.3.s

Porsche NFT Collection Crashes After Launch

by Ken Emmanuel
January 25, 2023
0

Porsche, the German sports car manufacturer, has announced the launch of their first non-fungible token (NFT) collection on Twitter. This...

Load More

Get updates to your inbox!

Subscribe to our mailing list to receive daily updates!

FOLLoW US:

Blockzeit Logo 10 1

Blockzeit was founded in 2021 in Switzerland with the mission of bridging the gap between the complex blockchain technology and the general public. Blockzeit is a news and education platform that aims to make blockchain more accessible and bring more transparency to the scene.

Popular Categories

Categories
  • Bitcoin News
  • Business
  • Education
  • Investing
  • Markets
  • Metaverse
  • NFTs
  • Politics
  • Press Release
  • Switzerland
  • Technology
  • Trends
  • Uncategorized

Important Links

  • Privacy Policy
  • Disclaimer
  • About us
  • Contact us
  • Blockchain Jobs
  • Events

Contact & Social

For guest posts, contact us via info@blockzeit.com

 

Contact: info@blockzeit.com
Press: press@blockzeit.com

Facebook Twitter Linkedin Instagram
  • Home
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
  • Education
  • Events
© Copyright by Blockzeit.com. All rights reserved.

Disclaimer

Start making money with crypto.

Buy Here
No Result
View All Result
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
  • DeutschDeutsch
  • PortuguêsPortuguês

© 2021 Blockzeit by Blockzeit.