NFT

META Releases NFT Display for Users of Facebook and Instagram 🎭

Rahul Kaushik
.
Web 3.0 Research Analyst
Written by
Rahul Kaushik
Published on
October 14, 2022
Read time
3 min read
Category
NFT
Nov 15, 2022

Find out the full story in our weekly NFT Newsletter 👇

Headlines 📰

  • META Releases NFT Display for Users of Facebook and Instagram
  • Bored Ape’s Yuga Labs Becomes the subject of an SEC investigation
  • Mastercard and Crypto App — hi to Allow NFT Art on Debit Cards

META Releases NFT Display for Users of Facebook and Instagram

Image: Meta

After a successful May debut with a small group of users, Meta now offers NFT display choices for American Facebook users and international Instagram users.

All US-based Facebook and Instagram users will be able to connect their NFT wallets and show collectibles on their accounts, according to a recent official release from Meta. As a result, NFTs can be cross-posted alongside graphics, posts, and stories.

Along with American users, the service is also accessible to users from the additional 100 nations where NFTs are offered by Instagram. Africa, the Middle East, North and South America, Asia-Pacific, and the Middle East are a few areas where the NFT function is accessible.

More information about their NFTs, including the title, inventor, collection, and price, is also provided via this function to users. The users can boast to their pals and “flex” their NFTs.

Bored Ape’s Yuga Labs Becomes the subject of an SEC investigation

Image: Shuttershock

According to a Bloomberg report, Yuga Labs is under scrutiny from the Securities and Exchange Commission (SEC) of the United States regarding the validity of the sales of its high-value NFT products.

The Bored Ape Yacht Club NFT collection is what Yuga Labs is best known for in the NFT industry. Thanks to the collection’s success, Yuga Labs has expanded its media empire to include endorsements from prestigious sports leagues, high-end brands, and even a game that is ready for the metaverse.

There is no evidence that Yuga Labs has committed any wrongdoing that has prompted this investigation. Instead, as a Yuga Labs spokeswoman stated in the Bloomberg piece, it should help politicians and regulators “learn more about the innovative realm of Web3.”

Seattle Entrepreneur is Turning Rejection Letters into NFTs

Image: Rebekha Bastian (LinkedIn)

Making the most of the rejections is a recurring piece of advice offered to those in the entrepreneurial community. Rebekah Bastian, a businesswoman from Seattle, appears to have taken this advice to heart.

Bastian published an NFT collection on October 12, 2022, that was composed only of rejection letters that startup founders had received.

We’ve all seen the internet-circulating images of successful people’s initial rejection letters and communications. This resembles Bastian’s collection in appearance. The names of the entrepreneurs and their businesses are blurred out but are revealed when the NFTs are purchased.

The entrepreneurs who received these letters gave their consent, and they also got to decide how much to charge for the assets. All earnings will be handed to the founders who submitted their letters, with prices ranging from .05 to.5 ETH.

This, according to Bastian, is a part of the ‘Authentech’ movement, where people speak openly about their lives and the challenges they have encountered.

NFT Statistics 📊

  • NFT Collections with Highest Sales
  • Top Sales of Individual NFT Collectibles
  • Blockchains with the Highest Sales Volume
  • Top NFT Marketplaces Based on Volume Story

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Rahul Kaushik

Rahul is a former software engineer who is now a writer. After working as a full-stack developer early in his career, he realized that coding was not his forte and began writing blogs, poetry, and articles for sports magazines. He is always torn between Football and Bitcoin as his first love. In his spare time, he enjoys reading books on economics, startups, and business, as well as educating people on personal finance, cryptocurrency, and Web 3.0 on Instagram.

Rahul Kaushik

Rahul is a former software engineer who is now a writer. After working as a full-stack developer early in his career, he realized that coding was not his forte and began writing blogs, poetry, and articles for sports magazines. He is always torn between Football and Bitcoin as his first love. In his spare time, he enjoys reading books on economics, startups, and business, as well as educating people on personal finance, cryptocurrency, and Web 3.0 on Instagram.

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