On September 29, Meta, the parent company of Facebook and Instagram, announced that Facebook and Instagram users in the US can now connect their wallets and share their digital collectibles.

The company said that users of both platforms will be able to post digital collectibles they own and connect their associated wallets on Facebook and Instagram.

Additionally, there are no fees for posting or sharing digital collectibles on Instagram, and it allows users in 100 countries to share non-fungible tokens.

The Meta platform also revealed in August that it had increased the number of supported blockchain networks, including Dapper Labs’ Flow. Based on this, investors can now upload their non-fungible tokens (NFTs) of EtherealPolygon and Flow, respectively.

The company also plans to make its non-footer features on Instagram easily accessible globally and has added support for Coinbase and Dapper wallets to complement its previous integrations with Rainbow, MetaMask, and Trust wallets.

In May, Instagram announced an NFT test in the US to select creators.

In addition to Instagram, an NFT-free trial is also under development on Facebook, and the NFT feature will be rolled out to some US creators in early July this year.

Since NFTs help build authentic intellectual property, this is one of the key drivers expected to drive the sector to a valuation of $97.6 billion by 2028, according to a report by Research and Markets.

In addition to Meta, other social media platforms including Twitter and Reddit are also taking their NFT drives to new heights.

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