Facebook and Instagram Roll Out Polygon NFT Creation and Solana Support

Meta has now confirmed support for Solana and Polygon NFTs, including the ability to make and sell digital collectibles. Their support spans both Facebook and Instagram, where users can showcase their NFTs across both platforms.  Meta confirmed the news in a tweet on Wednesday, followed by similar announcements from Solana and Polygon.  “Soon you’ll be able to make and sell NFTs on Instagram, starting with Polygon,” said Meta.  According to Polygon, the ability to mint and sell NFTs on the…

Meta Unveils NFT Cross-Posting on Facebook and Instagram

In an update earlier today, global tech conglomerate Meta shared news of its latest moves surrounding digital collectibles. From September 29th, subsidiaries Facebook and Instagram will now allow users to link their virtual wallets with their accounts and also share non-fungible tokens. Users Across 100 Countries Can Access New Meta Feature Everyone on @instagram and @facebook can now share their digital collectibles in the US, and on Instagram in the previously announced 100+ countries,” Meta announced in a tweet .…

Instagram to Begin NFT Test Run, Facebook Next in Line

Meta CEO and founder, Mark Zuckerberg, has confirmed that Instagram would integrate an NFT feature for creators. Zuckerberg also intimated that Facebook could soon get a similar upgrade. On Twitter, it is not unusual to see a hexagonal-shaped profile picture. In January 2022, Twitter enabled its users to display their NFTs, although this only applies to those on the premium version – Twitter Blue. In a similar fashion, Instagram is set to allow creators and owners curate their pages and…

How Meta (And Other Big Tech) Could Ruin NFTs For Everyone

Facebook (now Meta) did everything it could to maintain its monopoly in all its history. Could it do the same with NFTs? NFT investors are ecstatic as major social media companies finally come out with major NFT integrations. Twitter, a significant hub for NFT users, was the first to roll out the feature. NFT owners can now showcase their NFT profile pictures with a particular hexagonal shape. That way, users can instantly see whether that Bored Ape picture is legit…

Head Of Facebook’s Wallet “Novi” Is Leaving The Company

Meta (formerly Facebook) has spent years building its digital wallet, “Novi”, with plans to launch its stablecoin cryptocurrency called “Diem”. However, David Marcus – board member of Diem and Head of Novi – recently announced that he is leaving the company. David Marcus Steps Down The co-founder announced his resignation over a Twitter thread on Tuesday, detailing his reasons for stepping down. He said he’d had a change of heart and that his “entrepreneurial DNA” is nudging him away from…

What You Need To Know About Facebook’s New Crypto Wallet, NOVI

The development of secure digital identity authentication is one of the driving forces behind the progress of the digital age. Now, Facebook has decided to delve into the game with its cryptocurrency wallet, NOVI. It’s not the social media giant’s first incursion in crypto. However, its previous attempt, Libra, was more of a fiasco. So, will NOVI do any better? And how does it work? In this article, we'll answer these questions and many more. What is NOVI? NOVI is…

European Central Bank Wants Total Control Over Stablecoin Issuance

The European Central Bank (ECB) calls on EU lawmakers to confer it with total control over stablecoin issuance within the region. Reuters reports today that the ECB, via a legal opinion issued on February 19, requested to be given the exclusive right to determine whether a stablecoin will launch within its jurisdiction.  The ECB noted that if stablecoins are not strictly supervised, it could negatively affect the eurozone’s existing payment system.   “Where an asset-reference arrangement is tantamount to a payment…

ECB President Lagarde Criticizes The Use Of Bitcoin And Cryptocurrencies

Christine Lagarde, President of the European Central Bank (ECB), has given her opinion on bitcoin (BTC). Lagarde believes that Bitcoin is a speculative asset and not worth the current hype surrounding its use. Volatile And Speculative Asset  Lagarde expressed her views on Sunday, February 7, on local french station BFM TV where she spoke on different financial topics. The ECB chief revealed that she considers bitcoin a superficial but highly speculative asset that robs investors. She further added that the leading coin…

Twitter’s Jack Dorsey: Internet Companies too powerful, Praises Bitcoin

On Wednesday, Twitter CEO Jack Dorsey said that prohibiting US President Donald Trump was the best resolution for Twitter. Still, he disclosed that few private companies shouldn't dominate the internet. Dorsey said that the concept was disputed last week when several foundational internet tool providers opted not to host what they thought was treacherous. He said that he trusts the companies came to their conclusions or were encouraged by others' actions. He added that the inconsistent policies and lack of…

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