Meta, Coinbase and Flow expand NFT to more than 100 countries
After a series of tests, the Meta giant continues to confirm the expansion of NFT integration across 100 countries.
The Meta giant announced it is ready to roll out NFT in over 100 countries after integrating with Coinbase Wallet and Dapper, the company's founder and CEO Mark Zuckerberg confirmed in a Facebook post.
Regions supporting the expansion include the Americas, Asia-Pacific, the Middle East, and Africa. After a pilot phase from May, users can now connect their digital wallet to Instagram to start posting their digital collections.
Meta will also add support for Flow, the blockchain developed by Dapper Labs, alongside Ethereum and Polygon. Back last month, Meta's Product Manager Navdeep Singh revealed similar testing is also underway on Facebook.
This move once again confirms CEO Mark Zuckerberg's very serious ambition since deciding to change the name of Facebook. But it was the company's metaverse business that caused a loss of $2.8 billion in the second quarter.
Meta's stock price is currently down 1.07% to $167 at press time. FLOW has immediately grown strongly by nearly 40% right after the news of cooperation with Meta was released and is trading around the $2.65 mark. Meanwhile, Coinbase (COIN) rallied more than 31% on news of a partnership with asset manager BlackRock in an effort to offer crypto trading to institutional investors this afternoon.