Supporting regions in this 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 Flow – a layer-1 blockchain acting as tender for network participation, transactions, and governance, alongside Ethereum and Polygon. Last month, Meta’s Product Manager Navdeep Singh revealed similar testing is underway on Facebook.
The move once again shows CEO Mark Zuckerberg’s ambitions in the virtual market, despite the fact that the company’s metaverse business department caused a loss of up to $ 2.8 billion in the last quarter. However, according to Mark, he is not fazed by this huge loss and sees it as an opportunity to make hundreds of billions or even trillions as the sector matures.
Meta’s stock price is currently down 1.07% to $167 at press time. Meanwhile, FLOW has grown enormously by nearly 40% right after the news of cooperation with Meta released and is trading around the $2.65 level.
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