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Instagram expands its NFT store to Latin American countries: how does it work?

Users will be able to buy and sell NFTs through Instagram by connecting their digital wallets. | Font: Target

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After several weeks of testing in the USA Instagram expands its internal stock NFTs (non-fungible tokens) to more than 100 countries in Africa, Asia, the Middle East and America.

Functionality NFTs from Instagram will allow users to connect a digital wallet, share NFTs and automatically tag both creator and collector for attribution.

How it works?

Instagram allows users to connect their wallets where they store their NFTsto be able to publish and sell them through their platform.

With the arrival in more countries, the social network supports third-party wallets such as Rainbow, MetaMask, Trust Wallet, Coinbase Wallet, and Dapper Wallet, while supported chains are on Ethereum, Polygon, and Flow.

There is no additional commission when buying or selling. Instagram.

” NFTs they have allowed more diverse artists to gain exposure and monetize their work outside of traditional channels. By allowing more people around the world to share their digital collectibles on Instagram, we can unlock new opportunities for artistic communication and monetization.”

NFTs these are digital files that are minted on the blockchain, the technology behind cryptocurrencies, to give them a unique function on the internet. Its use has supporters and opponents, and it is believed that they can be used in a kind of financial pyramid or as

And Mark Zuckerberg has his own NFT

To celebrate the news, Mark Zuckerberg, CEO of Meta, shared NFTs his baseball card, which he stars in and which he gave to a friend.

Last year, Twitter became the first major social platform to adopt NFTs and integrated bitcoin tips.

We recommend METADATA, RPP’s technology podcast. News, analytics, reviews, recommendations and everything you need to know about the world of technology. To hear better, #StayHome.

Source: RPP

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