Meta Levels Up Crypto Adoption Letting People Connect Crypto Wallets With Facebook And Instagram

Meta has made a major announcement that has just taken its crypto adoption to the next level. The software giant has made things quite competitive for other tech giants offering a great advantage to its users on social media platforms.

Good News for Facebook and Instagram Users

Meta has made a major announcement for the users of Facebook and Instagram.

In the announcement, Meta has confirmed that with immediate effect, they have enabled the users to connect their crypto wallets with their Facebook and Instagram profiles.

Meta has announced that it would be users based in the United States that would have the ability to attach their wallets with the mentioned platform profiles.

Using the wallets, the users would be able to send and receive non-fungible tokens on profiles for both Instagram and Facebook.

The users would be able to send and receive non-fungible tokens to and from their followers as well as friends.

Access to Digital Assets

Meta has announced that NFTs are not the only assets the users on both platforms would be able to send and receive. They will also have the access to send and receive other kinds of digital assets such as cryptocurrencies.

Meta has also announced that the feature of sending and receiving non-fungible tokens on the platforms would be available for users from 100 other countries.

The feature would be available to the countries where it is allowed to send/receive digital assets and non-fungible tokens.

Meta Continues Gaining Ground in Crypto Spaces

Since 2021, Meta has changed its orientation to a highly pro company towards cryptocurrency and blockchain technology.

Among all the segments, Meta has focused its resources on metaverse and non-fungible tokens. It was early 2022 when Meta announced that it was working on new projects for the development of its own platforms for NFT and metaverse.

It was in May 2022 when Mark Zuckerberg made the announcement about their projects in the metaverse and NFTs.

Meta is determined to Compete and Innovate

Since mid-2021, Mark Zuckerberg laid the foundation of Meta, which is now the parent company of multiple major companies and has been exploring the metaverse and NFT industry.

Some of the major companies Meta owns include Whatsapp, Instagram, Oculus VR, Onavo, Facebook, Beluga, and many more.

In the past, Meta was known for having a social media presence. However, Meta has changed its orientation and focus to exploring NFT and metaverse technologies.

As per the market analysts, Meta is expected to launch multiple cryptocurrencies and NFTs to gain more ground in particular sectors.

Going forward, Meta may also add several old and traditional cryptocurrencies such as Bitcoin, Ether, and other tokens to the platform.