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Instagram is Planning NFT Integrations for Ethereum, Polygon, Solana and Flow

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Today’s Cryptocurrency Headline

Instagram is planning NFT integrations for Ethereum, Polygon, Solana and Flow, starting with a pilot for a small group of users in the United States. It’s unclear if Instagram will support all four networks at launch. As long as the user puts the NFT into the wallet, the ownership of the NFT can be verified. Instagram does not charge users to upload and display NFTs. According to previous news, Zuckerberg said that he is working hard to introduce NFTs to Instagram, and users may be able to mint NFTs in the APP.

BingX’s Bitcoin Chart

Source: TradingView & BingX

According to CoinShare, digital asset investment products surprisingly saw inflows totalling US$40m last week. BTC is down 11% over the last 24 hours and has fallen to an intraday low of $29,730.40. The crypto market fell alongside the traditional market again, and Nasdaq tumbled another 4%, MicroStrategy (MSTR) stock fell 25% and Coinbase (COIN) dropped 20%. BTC is currently trading above the $30,000 price level, if the bear managed to push the price below this level, we could see BTC delices to $28,000.

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