Users of Facebook and Instagram in the US can now share NFTs like Ethereum, Flow, and Polygon.

In a nutshell

• For all American Facebook and Instagram users, Meta has launched NFT collectibles support.
• NFT support was first implemented by Instagram in May, and then by Facebook in June.

Tech colossus Meta today declared that, as part of its ongoing deployment, NFT collectables support is now accessible to all Facebook and Instagram users in the United States.

In May, Meta started enabling NFT support on its platforms with Instagram, and in June, it added support for Facebook. In both instances, the company began with a small pool of users but with time, the number of users has progressively increased.

Everybody in the United States can now display their NFTs, joining users in almost 100 other nations across Asia-Pacific, Africa, the Middle East, and the Americas.

A blockchain token called an NFT stands for ownership of a special digital object. Digital collectibles, artwork, and interactive video game things are a few of the common application cases. Over the course of 2021, the NFT market generated about $25 billion in trading activity.

The NFT market has lost a lot of steam since the beginning of the global crypto market crisis in May, but that momentum persisted apace into the first months of 2022. While the prices for several of the best NFT collections have dropped drastically, overall sales volume has decreased noticeably.

Even so, large sales haven't fully halted; only yesterday, artist Tyler Hobbs sold NFTs worth about $17 million, while a single CryptoPunks NFT went for almost $4.5 million in ETH.

The social media behemoth outlined its vision for the future, immersive internet last October, and its NFT push is part of bigger metaverse goals. NFTs will be used in Meta's metaverse, although it is yet unknown how open that platform will be in the future or whether it will be compatible with other metaverse worlds and games.