In this week’s newsletter, read about Meta’s plans to expand their nonfungible token (NFT) testing on Instagram and Facebook. Check out how soccer legend Cristiano Ronaldo is planning to introduce his fans to Web3 through NFTs and how the rap legends Snoop Dogg and Eminem featured Bored Ape Yacht Club (BAYC) characters in their latest music video.
Join Cointelegraph’s Tom Farren as he shares details from an event called The Digital Diaspora as part of last week’s NFT.NYC conference. And, don’t forget about this week’s Nifty News roundup featuring Yuga Labs and NFT platform X2Y2 surpassing OpenSea’s volume.
Back in May, Meta started testing digital collectibles on Instagram. Last week, Meta CEO Mark Zuckerberg announced that his team is expanding its NFT testing so that creators can soon display their NFTs on the social platform.
Besides Instagram, Zuckerberg also said that NFTs will also be supported by Facebook in the near future, starting with a small group of creators based in the United States. Additionally, the Meta CEO mentioned that the NFT testing will eventually branch out to Instagram Stories soon, saying that it will also test NFTs with the augmented reality software SparkAR.
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Soccer legend Cristiano Ronaldo partnered with crypto platform Binance last week to introduce his fans to Web3 using NFT campaigns. The agreement involves an exclusive multi-year partnership, where Ronaldo will collaborate with Binance to create NFTs.
These digital collectibles will be sold exclusively on the Binance NFT platform and will let fans have exclusive engagement opportunities with the football star. Ronaldo explained that he values his relationship with his fans, and the idea of NFTs and giving new experiences
Read more on cointelegraph.com