The crypto adoption along with he mass adoption of the blockchain tech have become the most important goals that the crypto industry set. There are all kinds of moves taking place in this direction and they seem to continue. Check out the latest reports below.
Instagram and NFTs
NFTs from some of the most popular blockchain networks for crypto art are coming to Instagram with the announcement of a pilot.
According to the latest reports, Instagram is planning non-fungible token (NFT) integrations for Ethereum, Polygon, Solana and Flow, CoinDesk has learned.
“Those networks host the vast majority of trading in digital collectibles, with Ethereum and its Bored Apes leading the way by market cap,” CoinDesk notes.
According to the reports, the pilot will feature a small group of NFT aficionados based in the U.S. It wasn’t immediately clear whether Instagram would support NFTs from all four chains at launch.
Instagram intends to support widely used crypto wallets such as MetaMask. Plugging in their wallets, users will be able to prove NFT ownership, showcase them on their profiles and tag the creators who made them.
CoinDesk also managed to confirm the fact that Instagram will not charge users for posting and sharing NFTs, as Twitter initially did for its hexagonal NFT profile pictures in January.
Back in April, it’s been revealed that in a blog post, 0x Labs announced the new funding from a slew of veteran crypto investors, including Greylock Ventures, Pantera Capital, and Jump Crypto.
0x Labs is a San Fransisco-based DEX infrastructure provider that has received attention for its non-fungible token (NFT) swap technology.
It’s also important to note the fact that this is allowing NFT holders to transfer NFTs across multiple blockchains.
Last month, Coinbase announced that its new non-fungible token (NFT) marketplace will be powered by 0x.