The mood in the NFT market was already better. Gone are the days when blind was bought because NFT was on it. In January, the trading volume on all NFT markets was still $ 17 billion, for June it is expected to be $ 16 billion less – a slump of 93 percent. Internet giants such as Instagram, Twitter and Ebay are nevertheless pushing into the not so lucrative NFT business.
Meta has been testing NFTs on Instagram for a few weeks now. The pilot project, in which users can connect their own NFTs to their account, is to be expanded, as the parent company has now announced. It will add ”several more ways“ that ”allow creators to make money on our platforms,” according to Meta.
The test will be extended to other countries – and also on Facebook. Facebook Instagram Facebook said that users will be able to share the tokens “on Facebook and Instagram” in the future, after “the feature will be introduced on Facebook at a later date with selected US creators”. No date has been given.
According to Meta, NFTs with augmented reality methods should also be used for Instagram stories. The integrations are part of the Internet company’s Metaverse strategy.
Buying NFTs via Twitter – with detours
Since January, NFT avatars can be linked to Twitter Blue, the paid version of the short message service. Shopify Shopify has announced a partnership with e-commerce service provider Shopify and announced “a sales channel app for U.S. merchants in the Shopify app Store”. This also opens up trade with NFTs.
Because Shopify has launched Shopify’s beta version of “Tokengate”, an interface between NFT seller and buyer in the Shopify app. Using the service, NFTs can be mined on Ethereum, Polygon, Solana or Flow and put up for sale directly. The proto version is initially available for selected US dealers.
Ebay expands NFT business
Ebay also does not miss the NFT business. The online auction house has now announced the acquisition of NFT marketplace KnownOrigin. ”KnownOrigin’s technology and platform offers artists the opportunity to create unique, authentic, digital collectibles in the form of NFTs,” Ebay said.
The acquisition is “an important step in the technology-led realignment of Ebay and heralds a new era of digital collecting at the world’s leading address for collectibles,” the company adds. Already in May 2021, Ebay introduced the purchase and sale of NFTs.
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