The non-fungible token (NFT) market has fallen off a cliff, but that's not stopping Instagram from doubling down on digital collectibles. After a test launch in May, the app is expanding its NFT features to more than 100 countries across Africa, Asia-Pacific, the Middle East and the Americas.
Instagram users can include NFTs in their feed and messages, as well as in augmented reality stickers in Stories. NFT creators and collectors are automatically tagged for attribution. You can't buy or sell NFTs on Instagram just yet, but Meta has strongly hinted it's working on a marketplace.
As of today, Instagram now supports third-party wallets from Coinbase and Dapper, in addition to Rainbow, MetaMask and Trust Wallet. On top of the Ethereum and Polygon blockchains, it will also support Flow.
Meta CEO Mark Zuckerberg announced the expansion in (where else?) an Instagram post. He included photos of a Little League baseball card he had made of himself as a kid. A young Zuckerberg gifted it to his favorite camp counselor, Allie Tarantino, who now plans to sell both the signed card and an associated NFT. "On the back of his card, he put a .920 batting average — which is like impossible in baseball," Tarantino told the Associated Press. "So even as a little kid, he was aiming big.”
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Italy created a special registry with its brokerage regulator in February to list crypto operators with a stable presence in the country, provided they meet certain requirements. Blockchain.com said in a statement it could now offer crypto and digital wallet services to Italian residents and institutional investors under the regulator, known as the OAM. Major exchanges Binance and U.S.-based Coinbase Global Inc, as well as Singapore-based Crypto.com and German investment platform Trade Republic, are among those to have already secured registration with the OAM.
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As U.S. House of Representatives Speaker Nancy Pelosi made a brief visit to Taiwan this week that enraged Beijing, the welcome she received from government officials and the public was in sharp contrast with a different sort of message that began popping up elsewhere on the island. The largest 24-hour convenience store chain on the island was the victim of what Taiwanese authorities are calling an unprecedented amount of cyber attacks on government websites belonging to the presidential office, foreign and defence ministries as well as infrastructure such as screens at railway stations, in protest against Pelosi's visit. Taipei has not directly blamed the attacks on the Chinese government, but has said that the attacks on government websites — which paralysed the sites' operations — originated from addresses in China and Russia.
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