Meta’s FLOW goes to the Moon, Thanks to high profile Insta Collab
Meta Flow rose 38% to US$2.62 in the past 24 hours. Prices hit a high of US$2.84 at point, the highest since May 31.
Meta Flow (FLOW), the token of the Flow blockchain, surged over 35% in the wake of Meta Platform’s (META) decision to leverage the blockchain to expand its non-fungible tokens (NFT) initiative. CoinDesk data shows FLOW rose 38% to US$2.62 in the past 24 hours. Prices hit a high of US$2.84 at point, the highest since May 31.
The token ran into buying pressure after Meta announced the international expansion of its recently piloted digital collectibles feature on its photo and video-sharing platform Instagram. Meta declared support for NFTs created on the Flow blockchain. NFTs are digital tokens that represent ownership of physical or virtual assets.
Meta has announced that its Instagram photo-sharing platform now supports the posting of NFTs. The announcement was made on 4th August as an update to the company’s statement from May that it would enable NFT posting using the Flow blockchain, which was purpose-built for NFT use.
“We’re starting international expansion to 100 countries in Africa, Asia-Pacific, the Middle East, and the Americas. Additionally, we now support wallet connections with the Coinbase Wallet and Dapper, as well as the ability to post digital collectibles minted on the Flow blockchain,” the statement reads, “ Supported blockchains at this time include Ethereum, Polygon and Flow. There are no fees associated with posting or sharing a digital collectible on Instagram.”
Dapper Labs created the Flow blockchain to support all aspects of NFT storage, trading, and sharing. Dapper is also responsible for creating some of the most popular NFT collections in the 10-year history of the asset class with such hits at CryptoKitties and NBA Top Shot.
Flow (FLOW) is a blockchain-based system for deploying next-generation dApps, games, and digital assets. Users and developers can look forward to benefiting from a multi-role architecture that helps scale digital assets sans sharding, thereby paving the way for enhanced throughput and speed.
What sets Flow’s dApps apart is the control that consumers get on their own data. Additionally, they get the leeway of creating different types of digital assets and trade them in open markets that can be accessed from anywhere in the world. Its native token FLOW can be used by users for staking on the platform.
If you are looking for more crypto learning resources to explore the full potential of the Mushe (XMU) platform, use the links below.
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The post Meta’s FLOW goes to the Moon, Thanks to high profile Insta Collab appeared first on .
Meta Flow rose 38% to US$2.62 in the past 24 hours. Prices hit a high of US$2.84 at point, the highest since May 31.
Meta Flow (FLOW), the token of the Flow blockchain, surged over 35% in the wake of Meta Platform’s (META) decision to leverage the blockchain to expand its non-fungible tokens (NFT) initiative. CoinDesk data shows FLOW rose 38% to US$2.62 in the past 24 hours. Prices hit a high of US$2.84 at point, the highest since May 31.
The token ran into buying pressure after Meta announced the international expansion of its recently piloted digital collectibles feature on its photo and video-sharing platform Instagram. Meta declared support for NFTs created on the Flow blockchain. NFTs are digital tokens that represent ownership of physical or virtual assets.
Meta has announced that its Instagram photo-sharing platform now supports the posting of NFTs. The announcement was made on 4th August as an update to the company’s statement from May that it would enable NFT posting using the Flow blockchain, which was purpose-built for NFT use.
“We’re starting international expansion to 100 countries in Africa, Asia-Pacific, the Middle East, and the Americas. Additionally, we now support wallet connections with the Coinbase Wallet and Dapper, as well as the ability to post digital collectibles minted on the Flow blockchain,” the statement reads, “ Supported blockchains at this time include Ethereum, Polygon and Flow. There are no fees associated with posting or sharing a digital collectible on Instagram.”
Dapper Labs created the Flow blockchain to support all aspects of NFT storage, trading, and sharing. Dapper is also responsible for creating some of the most popular NFT collections in the 10-year history of the asset class with such hits at CryptoKitties and NBA Top Shot.
Flow (FLOW) is a blockchain-based system for deploying next-generation dApps, games, and digital assets. Users and developers can look forward to benefiting from a multi-role architecture that helps scale digital assets sans sharding, thereby paving the way for enhanced throughput and speed.
What sets Flow’s dApps apart is the control that consumers get on their own data. Additionally, they get the leeway of creating different types of digital assets and trade them in open markets that can be accessed from anywhere in the world. Its native token FLOW can be used by users for staking on the platform.
If you are looking for more crypto learning resources to explore the full potential of the Mushe (XMU) platform, use the links below.
More Trending Stories
- Now Bypassing Antivirus Will Come with a Price, Says Deep Instinct
- GPT-3 Makes A Cockroach Fall in Love with an AI Man in its Fantasy Movie Plot
- Why Do Developers Cherish Python, Despite its Biggest Downsides?
- Top 10 Metaverse Trends to Lookout for in 2023 and Beyond
- Top 10 Data Science Courses with Live Projects to Attend in 2022
- Paper Books will be Back! But with an Augmented Reality Twist
The post Meta’s FLOW goes to the Moon, Thanks to high profile Insta Collab appeared first on .
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