Facebook ‘definitely looking’ at NFTs, says exec
“When you have a good crypto wallet like Novi will be, you also have to think about how to help consumers support NFTs,” Facebook’s David Marcus said. As Facebook now finalizes the development of its proprietary cryptocurrency wallet, Novi, the social media giant could soon be supporting nonfungible tokens (NFT).David Marcus, head of Facebook Financial and co-creator of Facebook-initiated cryptocurrency Diem, said Wednesday that the firm is “definitely looking” at possible ways to get involved in the NFT industry.Facebook is considering multiple options to introduce NFT features, as it....
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NFTs continue to dominate the crypto conversation, with PNGs on social media profile pictures becoming the new hype. Not so many years ago, Lamborghinis were the main “flex” for crypto “moon-boys” as token prices reached astronomic valuations. Several high-profile cryptocurrency proponents made it a habit of arriving at conferences behind the wheels of exotic supercars and “when Lambo” was a popular refrain in the industry.These days, nonfungible tokens (NFT) are arguably the main topic of conversation in the crypto space, and ownership of expensive PNGs to be displayed on social media....
Nonfungible tokens will be found under a tab on creators’ Facebook timelines in a gradual rollout starting in the United States. Facebook will support nonfungible tokens (NFTs) with a “digital collectibles” tab on creators’ timelines to display their work. Meta technical program manager Navdeep Singh displayed screenshots of NFTs and a creator’s page Thursday on Twitter. A spokesperson for Meta, the parent company of Facebook, told TechCrunch the same day that the rollout of NFTs on Facebook would be gradual, beginning with select creators in the United States. Eventually, NFT creators....
In a captivating revelation during the “What Bitcoin Did” podcast with Peter McCormack, David Marcus, the former spearhead of Facebook’s Libra project and now CEO & co-founder of Lightspark, made intriguing comments about Facebook’s CEO, Mark Zuckerberg’s perspective on Bitcoin. Zuckerberg’s Take On Bitcoin In the exchange between McCormack and Marcus, the former asked, “You […]
“This will enable people to connect their digital wallets once to either app in order to share their digital collectibles across both,” said Meta. Facebook and Instagram users can both post nonfungible tokens, or NFTs, and digital collectibles to their accounts by linking their wallets.In a Monday update to a May 10 blog post, Facebook’s parent company Meta said the social media platform’s roughly 2.9 billion users would have the ability to share digital collectibles and NFTs. The announcement followed an Aug. 4 update in which Meta said Instagram users across 100 countries could post....
Novi and Diem (Formerly known as Libra) underline the fact that Facebook simply doesn’t understand Bitcoin, and continues to flounder on delivering even its own stablecoin project, or a single NFT.