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Meta Confirms NFT Rollout Across 100 Countries Amid Coinbase Integration

Following a series of testing phases, NFT integration is now live on Instagram across 100 countries.

By Oliver Knight
AccessTimeIconAug 4, 2022 at 3:08 p.m. UTC
Updated May 11, 2023 at 5:37 p.m. UTC
(Justin Sullivan/Getty Images)

(Justin Sullivan/Getty Images)

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Social media giant Meta (META) has started to roll out non-fungible tokens (NFT) across 100 countries after integrating with Coinbase (COIN) Wallet and Dapper.

  • Meta's founder and CEO, Mark Zuckerberg, confirmed the rollout in a post on Facebook.
  • Instagram users in certain countries will now be able to showcase their NFTs after a successful testing phase in May.
  • The social media platform will also add support for Flow Blockchain, according to a tweet by Meta.
  • Last month, Meta product manager Navdeep Singh said that testing was also underway on Facebook as it aimed to enable cross-platform posting involving NFTs.
  • Meta's share price is currently down by 1.07% at $167. Coinbase (COIN), meanwhile, jumped by over 31% on news that it has partnered with asset manager BlackRock (BLK) to offer crypto trading to institutional investors.

Read more: Facebook Parent Meta Loses $2.8B on Metaverse Division in Q2

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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Oliver Knight
Oliver Knight

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

Follow @OKnightCrypto on Twitter

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