Meta Reveals Cross-Posting NFT Compatibility Between Facebook and Instagram – Blockchain Bitcoin News

Meta, the business unit behind social media platforms Instagram and Facebook, has revealed that non-fungible token (NFT) support now offers cross-post compatibility between the two major social media platforms. The ability to share digital collectibles follows Meta rolling out NFT and Web3 wallet support to 100 countries during the first week of August.

Meta’s NFT rollout continues as social media giant introduces ‘ability to post digital collectibles’

Meta Platforms, Inc. (Nasdaq: META), announced August 29, 2022 that the company is “introducing the ability to post digital collectibles” on Instagram and Facebook. Meta revealed the information on Twitter and shared a blog post published in May that is updated regularly.

When Meta tweeted about NFT cross-post compatibility and support for Facebook and Instagram, the company received a few responses from individuals who liked the idea and also from people who scoffed at the NFT concept. A person wrote that Meta’s latest NFT cross-post compatibility was “bullish”.

Meanwhile, a number of other people mocked the NFT announcement and one such person told Meta: “No, I’ll just post the jpeg instead, thanks.” Another person jokingly replied that sharing a jpeg was “definitely safer.” A few people shared screens of the ability to cross-post NFTs across Instagram and Facebook.

Meta’s post on Monday is called:

As we continue to roll out digital collectibles on Facebook and Instagram, we’ve started giving people the ability to post digital collectibles they own on both Facebook and Instagram. This will enable people to connect their digital wallets once to both apps to share their digital collectibles across both.

The August 29 announcement follows Meta initiating NFT support for 100 countries and adding the ability to connect to third-party wallets such as Metamask and Rainbow. Meta also noted on August 4 that the digital collectibles would support blockchains such as Flow, Ethereum and Polygon. At the time, Meta said “there are no fees associated with posting or sharing a digital collectible” on Instagram and Facebook.

The company’s social media competitor Twitter launched non-fungible token support via Twitter Blue Labs. Users using Twitter Blue Labs features can upload longer videos to Twitter, upload videos in 1080p quality and utilize an NFT profile picture. While Meta has integrated Flow and Polygon, Twitter only supports static NFTs that were created on the Ethereum blockchain (ERC721, ERC1155).

What do you think about Meta adding cross-posting NFT compatibility between Facebook and Instagram? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the news editor at Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.