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Usha Yadav
Jul 1, 2022
by Usha Yadav

Meta Introduces New Facebook NFT Display Options

Facebook NFT

Table of contents

  1. Facebook Ready to Support Major Exchanges
  2. Facebook Changed to Meta in 2021
Facebook will provide a "digital collectibles" tab on users' timelines to showcase their work, supporting non-fungible tokens (NFTs). On Thursday, the manager of the Meta technical program, Navdeep Singh, tweeted screenshots of a creator's page and NFTs. Users can now add bespoke NFT posts with the hashtag "Digital Collectibles" to their accounts, and there is a new NFT area specifically for showcasing your priceless creations.

 

Facebook Ready to Support Major Exchanges

Facebook is all set to support Ethereum, Polygon, and all major exchanges, and NFT owners can use their Rainbow, Trust Wallet, and MetaMask to authenticate their ownership of NFTs. The information derives from NFT details displayed on a public blockchain. Possibility to add accounts. According to CEO Mark Zuckerberg, Meta said in May that it had started testing NFTs on Instagram and that Facebook would "soon" do the same. He also mentioned that Facebook Messenger and WhatsApp, owned by Meta, would ultimately be able to use NFT displays.

Facebook Changed to Meta in 2021

In October 2021, Facebook changed its name to Meta. It has been attempting to grow in Web3, but not entirely successfully. After facing stiff resistance from regulators worldwide in February, Meta gave up on its attempt to introduce the Diem stablecoin. But Meta submitted trademark requests for a Meta Pay payment system in May, and Zuckerberg declared on June 22 that Meta Pay would take the place of Facebook Pay.

According to Zuckerberg, Meta Pay will be accessible on Facebook, Instagram, WhatsApp, and Messenger. It appears that Meta will not begin selling NFT on Facebook, as a company representative told TechCrunch that Meta "indicated of not offering the opportunity to turn digital collection postings into advertisements for the time being."

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Meta Introduces New Facebook NFT Display Options
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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