• Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
What's Hot

Turkey’s Defense Industry Experiences Rapid Growth and Record Arms Exports

March 28, 2023

How Rising Tobacco Prices are Affecting Smoking Cessation Around the World

March 8, 2023

Is it possible to buy NFT and help the Ukrainian army at the same time?

February 17, 2023
Facebook Twitter Instagram
  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
CryptodailyNews24
  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
CryptodailyNews24
Home»NFT»Facebook tests NFTs on profiles
NFT

Facebook tests NFTs on profiles

Donald MunnBy Donald MunnJuly 2, 2022Updated:September 29, 2022No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

A screenshot taken from the Facebook app was published today that would show a test in progress regarding NFTs. 

JUST IN: Facebook is now testing #NFTs on profiles. pic.twitter.com/1GOZhN8rXM

— Watcher.Guru (@WatcherGuru) June 30, 2022

Facebook also wants to add NFT support

The screenshot shows a new tab on a user’s profile, next to the classic posts and profile information tabs, dedicated to digital collectibles. Clicking on it takes you to a collection of NFTs on the profile. 

One also sees a post that is explicitly marked by Facebook as a “digital collectible”.

This would therefore be an NFT-related feature, but very different from the one introduced months ago by Twitter. 

Instead, it would more closely resemble what is supposedly already being tested on Instagram. 

Instagram in early May had officially announced the start of testing related to new NFT functionalities, but there were no further updates on this. 

It was about the possibility of publishing NFTs purchased from third-party marketplaces, and which are on the blockchains of Ethereum, Polygon, Solana and Flow. 

Instagram belongs to the same group that Facebook belongs to, namely Meta, so it may be that they are testing something similar to what they are doing on Instagram. 

The new service that will be offered by Instagram should allow users to link their wallets to their profiles, and then post NFTs that they actually own. It is speculated that, initially, only NFTs of artwork will be allowed to be posted. 

The Facebook screenshot posted today also suggests something similar. 

It remains to be seen whether the initiative will also win significant public acclaim. 

NFTs on Twitter

For instance, the Twitter initiative does not seem to be gaining much traction, so much so that Elon Musk himself, the platform’s likely new owner, complained about the idea a few months ago, calling it “annoying”.

In addition, it is worth mentioning that in June, the NFT market showed a sharp decline in trading volume. It is worth noting that in May, despite cryptocurrency price collapses, NFT trading volumes had held up. It was, however, the June slumps that had a major negative impact on sales. 

If Meta’s Instagram and Facebook initiative succeeds, however, where Twitter failed, this market could recover, and perhaps even surpass previous records. However, one should not make the mistake of believing that Meta’s initiative will definitely succeed. 

The post Facebook tests NFTs on profiles appeared first on cryptodailynews24.com.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Donald Munn
Donald Munn
  • Website

Related Posts

Is it possible to buy NFT and help the Ukrainian army at the same time?

February 17, 2023

CrowdStrike forecast significantly lower revenue than analysts expected, triggering a stock decline

December 7, 2022

This is how Twitch streamers bait viewers. On the thumbnail of the broadcast it looks quite suspicious

November 23, 2022

The Sandbox launches a new game with Metaprints and Bored Ape

September 1, 2022
Add A Comment

Comments are closed.

Advertisement
Top Posts

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

The latest news about Bitcoin, ICO, blockchain and fintech.

Top Insights

Turkey’s Defense Industry Experiences Rapid Growth and Record Arms Exports

March 28, 2023

How Rising Tobacco Prices are Affecting Smoking Cessation Around the World

March 8, 2023

Is it possible to buy NFT and help the Ukrainian army at the same time?

February 17, 2023
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
© 2023 cryptodailynews24.com Submit news release

Type above and press Enter to search. Press Esc to cancel.