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TEXXR

Chronicles

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Meta rolls out NFT support on Facebook, letting select US creators display NFTs under a new tab on their profiles, after adding support to Instagram in May 2022

TechCrunch :

TechCrunch

Context & Ripple Effects

Meta had already added NFT support to Instagram in May; Facebook’s limited U.S. rollout extends that profile-display feature to the company’s other core social network. It also advances an earlier plan to let users display and potentially transact in NFTs across Facebook and Instagram.

The initial creator rollout became the first step in a broader distribution path: related coverage records Instagram NFT support expanding to 100 countries and later NFT sharing for U.S. Facebook users and Instagram users in those markets.

First-order effects

  • Select U.S. Facebook creators can place NFTs in a dedicated profile tab, giving digital collectibles a native display surface rather than requiring off-platform links.
  • Meta now has NFT display features on both Facebook and Instagram, making its social profiles a shared distribution channel for creators’ collections.

Second-order effects

  • The Facebook launch establishes the product base for Meta’s subsequent wider U.S. Facebook and 100-country Instagram sharing rollout, shifting NFT visibility from a small creator test toward broader audience exposure.
  • Wallet and blockchain integrations used for Instagram’s expansion become more consequential to Meta’s NFT strategy because creators need compatible infrastructure to display assets across its apps.

Third-order effects

  • If profile-based NFT sharing continues to broaden, social platforms may compete to become the primary discovery layer for digital collectibles, while wallets and chains compete for integration into those platforms.
  • Meta’s progression from planned creation and sales features to cross-app display support points toward social NFT products being built through staged access expansions rather than a single marketplace launch.

The trend: Meta is moving NFT features from limited creator displays toward cross-app, multi-market social sharing supported by wallet and blockchain integrations.

Discussion

  • @navdeep_ua Navdeep Singh on x
    We're launching NFTs on Facebook! Excited to share what I've been working on with the world. https://twitter.com/...
  • @martinsfp @martinsfp on x
    NFT support in Facebook, Facebook Groups looking more like Discord - Meta clearly wants to offer a home to web3 folks. https://twitter.com/...
  • @paul_reviews Paul Moore on x
    Hey Navdeep Instead of investing in the next 15 minute fad, how about you make good on a promise you made to @MartinSLewis and combat #scams on your platform. You're costing folk thousands. @DeborahMeaden @JeremyClarkson @Schofe will thank you too. I welcome your feedback. https:…
  • @autismcapital @autismcapital on x
    A great evil has been awoken. God help us all. https://twitter.com/...
  • @geoffreyhuntley Geoff on x
    Facebook, Twitter and TikTok control the standard that is deployed. They control the distribution and NFT's are only useful if they can be displayed publicly. Won't be surprised if they push their own standards vs web3 erc20 norms to make $$$ https://twitter.com/...
  • @iftikharpost @iftikharpost on x
    $MATIC JUST IN: Facebook Begins Testing Ethereum and Polygon NFTs on Profiles 👀🔥✊ If deployed widely, users will be able to connect their crypto wallets to their Facebook profiles. Mass adoption in motion ✅ #Polygon 🙌 https://twitter.com/...
  • @larakiara Lara O'Reilly on x
    Couldn't have picked a better time for it https://twitter.com/...