consolation prize? BAYC NFTs Down 50% From Peak But Owners Can…

consolation prize? BAYC NFTs Down 50% From Peak But Owners Can…

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That Mark Zuckerberg-LED Metaplatforms Inc META continues its push into the metaverse by making its two flagship products, Facebook and Instagram, a place for users to share and post digital collectibles they own.

What happened: On Monday, Meta announced the launch of digital collectibles across its two leading platforms. Benzinga had previously reported that NFT (non-fungible token) holders in more than 100 countries can share their digital goods on both platforms by connecting their digital wallets to either one.

“As we continue to introduce digital collectibles to Facebook and Instagram, we have begun giving people the ability to post digital collectibles they own to both Facebook and Instagram. This will allow people to connect their digital wallets to either app once to share their digital collectibles across both.” metas update said.

To publish an NFT, a user connects their digital wallet to either platform – as of now, Meta supports MetaMask, Coinbase Wallet, Trust Wallet, and Rainbow; with Dapper Wallet coming soon. The platform supports the ether ETH/USD, polygon MATIC/USDand Flow FLOW/USD Blockchains.

Why it matters: The free service comes as Meta lays the groundwork for becoming the primary goal for the Metaverse, an immersive digital world that Zuckerberg believes will ultimately be a significant revenue generator for the creator economy.
Continue reading: Elon Musk’s ex-girlfriend Grimes says Mark Zuckerberg is ‘wildly underqualified’ to run Metaverse

At immersive 3D locations like KnownOrigin, MakersPlace, and the Decentraland Museum, virtual NFT galleries allow owners to showcase their NFTs as…

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