Meta Platforms META, the parent company of Facebook and Instagram, is updating plans for its launch of non-fungible tokens. The Menlo Park, California-based company is increasing the rollout of NFT integration on the social media platform Instagram to more than 100 countries across Africa, Asia-Pacific, the Middle East, and the Americas.

Users will connect a digital wallet and share the digital collectible. Users will be able to send money to each other via the app. The app is expected to go on sale later this year in the U.S. and in the future in other countries. It is available for pre-order now with prices starting at $20.

Instagram now supports Rainbow, MetaMask, Trust Wallet, Coinbase Wallet and Dapper Wallet. Creators and collectors will be tagged in the NFT. Previously, U.S. creators and collectors were able to share NFTs they created or bought on their Instagram.

Coinbase shares are up 16% to $93.51 at the time of writing after hitting an intraday high of $116.30 earlier in the day. Meta shares are trading flat at $168.67 on Thursday. The partnership will see Coinbase providing institutional clients access to cryptocurrencies including Bitcoin BTC/USD.
Posted by WA wagmi
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