Whether the news of the NFT launch will stop Meta’s recent decline is unforeseeable, and Zuckerberg, chairman and CEO of Meta Platform, just announced in a regular meeting with employees this week that Meta will freeze hiring, restructure people and teams, cut costs, and shift priorities.
After a long time of testing the NFT function, Meta officially announced that its two major social platforms officially launched the function.
On September 29, Meta released a brief official blog, The content reads, “Today we announced that everyone on Facebook and Instagram in the U.S. region can now connect to their wallets and share their digital collections.” 。 This includes people being able to cross-display the digital collectibles they own on Facebook and Instagram. In addition, the feature is now available to everyone in the 100 countries where digital collectibles are available on Instagram. ”
Meta also said that starting this week, they will test digital collectibles on Instagram with select American creators and collectors to share NFTs they create or buy. This feature includes connecting digital wallets, sharing digital collectibles, and automatically tagging creators and collectors. And there is no charge for posting or sharing digital collectibles on Instagram. Instagram users can also cross-display their NFTs to their Facebook accounts.
Instagram’s first supported crypto wallets include Coinbase, Dapper Labs, MetaMask, Rainbow, and Trust 。 Supported blockchain networks include Flow and Polygon. FLow is a public chain that is used by several international companies, including the NBA, to issue NFTs. Polygon, on the other hand, is a sidechain of the Ethereum network and is known for its convenience and inexpensiveness.
Just before the announcement, a picture was made by Meta founder Mark Lee Zuckerberg’s NFT baseball card for IP was successfully filmed. This NFT contains a Mark · The physical card and picture of Zuckerberg’s childhood photo, allegedly Mark 1992 · Zuckerberg was taken when he was eight years old, and the photo is taken by Mark Berg Zuckerberg wears a baseball cap and a baseball uniform, with a smile on his face This photo was given to the camp counselor of the year. It is reported that the NFT has been successfully auctioned, and the final price is about 10 Ten thousand dollars.
Instagram began testing NFT display features on its platform in May 2022, when they were there Allow selected US users to connect to their crypto wallets and showcase the NFTs they have created or purchased. Instagram also added a “flicker” effect to the NFTs on display.
In August 2022, Instagram expanded testing to 100 countries in Africa, Asia Pacific, the Middle East and the Americas, and added support for Coinbase Wallet and Dapper Wallet. Facebook has also begun testing the feature.
Whether the news of the launch of NFT can stop Meta’s recent decline is unforeseeable, and Meta Platform Chairman and CEO Mark Zuckerberg just met with employees this week Announced that Meta would freeze hiring, restructure personnel and teams, cut costs, and shift priorities.
According to a participant, Zuckerberg announced the social networking company’s plans to freeze during weekly question-and-answer sessions with employees. Meta’s further cost cuts and hiring freeze are its clearest statements. At present, in the context of increasingly fierce user competition, the growth of advertising revenue, the pillar of Meta’s revenue, is slowing down. Meta said earlier this year that it plans to slow down hiring for some management positions and postpone the release of full-time jobs to summer interns. Zuckerberg warned in July that Meta would “steadily reduce headcount growth” and that “many teams will scale back so that we can shift our efforts to other areas.”
As of press time, Meta’s stock price was down 4% intraday, approaching a recent low. It closed down 3.67% at $136.41.