META is introducing Digital Collectibles (NFTs) on Instagram

October 3, 2022
< 1 minute

By Sorin Anagnoste

Strategy | Business Models | Tech

META is introducing Digital Collectibles (NFTs) on Instagram. This feature includes the following:

    1. “Connecting a digital wallet. Once connected, creators and collectors will have the ability to choose which NFTs from their wallet they would like to share on Instagram.
    2. Sharing digital collectibles. Once a creator or collector posts a digital collectible, it will have a shimmer effect and can display public information, such as a description of the NFT. Posts will also be visible on their profile.
    3. Automatic tagging of both the creator and collector. The creator and collector can be automatically attributed in the digital collectible post (subject to their privacy settings).about.fb.com

Now, I have two main concerns:

    1. Once you link your wallet to META through the KYC process you are not that anonymous anymore . So where is the web3 anonymous advantage?
    2. There is no news about data & security. Each year META ‘losses’ the data of hundreds of millions users due to different cyber attacks. Who will guarantee this will not happen here too?

example of Meta NFTs InstagramSource: about.fb.com

Discover posts:

Hyundai, Polestar to Add Nvidia Cloud-Based Gaming to Future Vehicles

Hyundai to add Nvidia cloud-based gaming to future cars

    At CES 2023 we see also old fashioned automotive companies entering the EV race. Not that many considered in the past buying a car from Hyunday, but now with the new partnership with Nvidia things are changing.  Nvidia announced it will bring its GeForce Now cloud-based gaming service (...)

Read more
Spotify's new design

The TikTok-ization of everything: now Spotify

Source: Spotify I was discussing last week with the students about the TikTok-tification of apps: Instagram, Amazon, Netflix, Shein, Reddit, Youtube, and many others. Of course, Spotify could not miss this trend and announced yesterday their new design app Main takeaways from the event: 1/ The user interface moved from (...)

Read more