![]() “If I don’t want to use Facebook or if something happens and my account gets deactivated, is my device now going to get bricked?” That’s a concern that I think people shouldn’t have to have. But for us, the issue is that if you’re signing into Quest or WhatsApp or Instagram with a Facebook account, I think that there was a confusion about, “Am I signing into this with my Facebook corporate account or is this going to be tied to my social media account?” People had concerns on Quest. When people wanted to go sign into their Quest, we wanted them to sign in with their Facebook account because we wanted to have a single identity or account system for the company. Update 5/10 9:15AM ET: Added some clarifications from Meta.On a more functional and technical basis, I think that there was just a lot of confusion and awkwardness about having the company brand be also the brand of one of the social media apps. Update 5/9 10:52AM ET: Added more details from Mosseri. “I would hope that you know, the clothing that your avatar is wearing in the metaverse, you know, can be basically minted as an NFT and you can take it between your different places,” he said at SXSW in March. Meta's CEO has also spoken about other ambitions for NFTs in the company's take on the metaverse. Engadget has contacted Meta for more details. Zuckerberg has said that creators may eventually be able to mint NFTs in the app too. That suggests users will be able to buy and sell them directly on Instagram at some point. In his announcement, he suggested NFTs could provide a way for a subset of creators to earn a living on the platform. ![]() Users won't need to pay any fees "associated with posting or sharing a digital collectible" on Instagram, Mosseri said. "We want to make sure we can work out how to embrace those tenets of distributed trust and distributed power, despite the fact that we are a centralized platform." "One of the reasons why we're starting small is we want to make sure that we can learn from the community," he added. Mosseri also noted the disconnect between the decentralized nature of Web3 tech like NFTs and the blockchain and the fact Instagram is a centralized platform. A very small number of people in the US will have access to these features to begin with. Users will be able to share NFTs they've created or bought in their feed, Stories and messages. Cryptocurrency Investing For Dummies Zcash (ZEC), 52, 135 Zuckerberg, Mark. Instagram head Adam Mosseri shed more light on how the NFT integrations will work. 106 Metamask, 111112 mobile wallets, 109110 MultiSig wallet. See you next week! ✌□ /VuJbMVSBDr- Adam Mosseri May 9, 2022 There will be no fees associated with posting or sharing a digital collectible on IG. This week we’re beginning to test digital collectibles with a handful of US creators and collectors who will be able to share NFTs on Instagram. Support for Coinbase, Dapper and Phantom will be available later. The compatible third-party wallets are Rainbow, MetaMask and Trust Wallet. A Meta spokesperson confirmed to Engadget that it will allow integrations with NFTs from the Ethereum and Polygon blockchains at first, with Solana and Flow to follow. Zuckerberg says this feature would be built on Spark AR and would allow users to "place digital art in physical spaces."Ī report from CoinDesk over the weekend suggested Instagram would start testing non-fungible tokens in the app this week. Also in the works is a way for people to display 3D NFTs in Instagram Stories using augmented reality. ![]() "We're starting to test digital collectibles on Instagram so that creators and collectors can display their NFTs."Ī similar feature is coming to Facebook in the near future, and Meta is considering enabling NFTs in its other apps, such as Messenger and WhatsApp. "We're starting building for NFTs, not just in our metaverse and Reality Labs work, but also across our family of apps." Zuckerberg said in a post on Facebook. Oh and they ✨shimmer✨ /wraSdWvgLf- Meta Newsroom May 9, 2022 NFTs allow creators to take control over their work, fanbase and income. Mark Zuckerberg just announced that we’re testing digital collectibles for creators and collectors to showcase NFTs on Instagram.
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