Facebook users in the United States now have the ability to connect a wallet to the social network, in order to share their non-fungible tokens (NFTs). This comes on the heels of Instagram rolling out similar services earlier in August in about 100 countries.
NFTs are coming to Facebook
A few weeks ago, Meta announced the arrival of non-fungible tokens (NFTs) on Instagram, now it’s Facebook’s turn. Indeed, as announced by Mark Zuckerberg’s company, it is now possible to share NFTs in our possession directly on the social network :
– Meta Newsroom (@MetaNewsroom) August 29, 2022
However, this deployment is not yet active across the globe. While the possibility of displaying NFTs on Instagram was tested in a hundred countries outside Europe, this new feature on Facebook is, for the moment, reserved for the United States.
No indication has been given as to when these services will be extended to the European zone. To access these new features, users will need to connect their wallet to the platform in order to prove possession of the assets.
The issue of personal data
Of course, Meta is not particularly known for being transparent about its use of our personal data. For example, we may not want the group or our relatives to know our home address.
People who plan to sell their NFT creations would have to deploy them from a blank address. This is a perfectly legitimate choice of privacy, but one that may be a little more complex to implement since the Tornado Cash affair.
Fortunately, there are alternatives, as Wil, one of the experts in our private Pain Grille group, explained in a Twitter thread:
[ THREAD] Anonymize a wallet
“To live happily, let us live hidden”
Today I will present one of the ways to get a totally anonymous ERC-20 type address.
After the @TornadoCash scandal, the solution we are going to see will not lead to a ban
– Wil Cryptoast (@wilcrypto21) August 18, 2022
Meta’s Web3 transition gets off to a mixed start
Although the association of Meta and Web3 in the same sentence is questionable, the fact is that the company is increasingly turning to blockchain technologies.
However, the group’s start in this ecosystem is probably not as successful as hoped. While the metaverse division posted a $2.81 billion loss last quarter, Horizon Worlds’ virtual world has recently been the laughing stock of social networks due to its poor graphics.
However, Mark Zuckerberg was quick to respond to the situation:
“Major updates to Horizon and avatar graphics coming soon. […] I know the picture I posted earlier this week was pretty basic, it was taken very quickly to celebrate a launch. Horizon’s graphics are capable of so much more, even on headsets, and Horizon is improving very quickly. “
Of course, you also have to give the technology time to build. It is indeed a technical challenge to create a virtual reality world with realistic visuals, capable of hosting millions, if not billions of users. All the integrations of the technologies of our ecosystem into everyday life will be done step by step.