Facebook and Instagram Plan to Allow Users to Showcase, Mint and Trade NFTs

Join the Trading Community: Learn & Earn with BingX.

Today’s Cryptocurrency Headline

Meta plans to allow users to display NFTs on their Facebook and Instagram profiles, as well as working on a prototype to help users mint NFTs, according to several people familiar with the matter. Meta is also discussing launching a marketplace for users to buy and sell NFTs, two of the people said. In December, Instagram head Adam Mosseri said the company was actively exploring NFTs, but gave no specifics. It is reported that Novi, Facebook’s wallet application, will provide support for the NFT function.

BingX’s Bitcoin Chart

Bitcoin crash today drop below 40000 analysis
Source: TradingView& BingX

MicroStrategy CEO Michael Saylor said in an interview that MicroStrategy has no plans to sell bitcoin despite the fact that the price of most digital assets in the market has fallen by 30-40%. Saylor believes Bitcoin remains one of the best inflation hedges and alternatives for stock buyback events. BTC traded in a range of $35,000 – $40,000, indicating substantial volatility over the last 24 hours. Trading volume has declined by 27.35 percent, totalling $16.9 billion, while the total market cap trades around $819 billion, resulting in the market dominance of 40.17 percent.

 

Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.