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Mark Zuckerberg Unveils NFT Roadmaps For Facebook & Instagram

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When it comes to non-fungible tokens (NFTs), it’s no secret that Mark Zuckerberg has big plans. In a panel at the SXSW Festival in March 2022, Zuckerberg said that he planned to turn Instagram into an NFT marketplace. In May, he started making good on that promise. The social media platform started testing NFT integrations with a select set of users. At the time,Zuckerberg noted that Facebook would soon be heading down the same path. “Similar functionality is coming to Facebook soon,” he said.

It seems that time may have finally arrived.

Earlier today (June 21, 2022), Zuckerberg unveiled how Facebook and Instagram plan to “help creators build for the metaverse” in a Facebook post. Specifically, he outlined a feature roadmap that detailed the functionalities that are being added to the platforms to help creators monetize their work and make money.

To begin with,Zuckerberg noted that Instagram will be expanding its NFT tests, allowing more creators to display their crypto art on the platform. Next, he stated that Facebook would start its own NFT tests with a small group of creators based in the United States. Once sufficient testing has been completed, Zuckerberg clarified that NFTs would be freed from users’ feeds and be able to proliferate across the platforms. In particular, thanks to SparkAR, NFTs will be able to be shared in Instagram Stories.

Zuckerberg also noted that cross-posting functionalities will be getting a serious upgrade. “We’re opening up the Reels Play Bonus program to more creators on Facebook soon and letting creators cross-post their Instagram Reels to Facebook and monetize them there too,” he said. And he clarified that individuals will also be able to cross-post their NFTs on Instagram and Facebook.

And, perhaps most notably, the Instagram Marketplace will finally go live. Zuckerberg said that teams are testing the “Creator Marketplace” on Instagram. There, creators will be able to “get discovered and paid” and brands can “share new partnership opportunities.”

Of course, Facebook and Instagram are far from the only social media platforms experimenting with NFTs. In January of 2022, Twitter released a mechanism that allows users to verify their NFTs and turn them into profile pictures. However, Zuckerberg’s efforts stand out in that he’s not interested in just letting people display NFTs. He wants users to sell them on his platforms. In this respect, these NFT features are all centered on monetization — on providing more ways for creators to make money.

Of course, Facebook and Instagram will also likely take a piece of the pie.

In a blog post published on April 11, Meta discussed details about forthcoming tools for its VR game, Horizon Worlds. In the post, the company stated that creators would be able to sell digital items and that Meta would be taking a cut of 47.5% from all sales. For comparison, most NFT marketplaces only take about 2.5% of every sale. Understandably, Meta’s fees caused outrage.

In today’s post, Zuckerberg attempted to quell some of those fears, stating that Instagram and Facebook creators won’t have to worry about that— for now. The platforms won’t start taking a cut from creators’ revenues until 2024.





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DJ Whoo Kid Partners with NFT Drop LLC to Launch Metaverse Wearables

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Pre-eminent disc spinner to the stars, DJ Whoo Kid, has signed a lucrative deal with NFT Drop LLC to bring his latest NEO NEO range of clothing and accessories to the non-fungible realm.

Through the deal, the masterful disc jockey will expand his horizons into the metaverse by pairing up the clothing and jewellery from his new NEO NEO merchandising line with digital NFT equivalents. Thereby, providing a welcome boost to his fan engagement opportunities and forming a presence in the metaverse.

This new non-fungible endeavour will work in partnership with newly launched platform, NFT Drop LLC. An intriguing new Web3 start up with a core focus on producing tangible NFT memorabilia. In a nutshell, NFT components backed by real world items and providing utility in both realms. The new line of exciting collectibles will arrive on the market throughout July and August. However, details of compatible metaverses are not confirmed.

DJ Whoo Kid has made a notable name for himself with partnerships with some of the biggest celebrities in the world. As such, rubbing collaborative shoulders with Snoop Dogg, Mike Tyson, Eminem and many more, while also remaining one of the few people on the planet who has DJ’d for world ambassador, Nelson Mandela!

Check out NFT Drop LLC >> Here

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Image credit via: DJ Whoo Kid

*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.





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Ledger to Build its Own NFT Marketplace and Web3 Services Platform

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The recent Op3n conference at NFT NYC saw hardware wallet pioneer Ledger announce that it will be launching its own NFT marketplace and Web3 services platform for businesses to leverage. As of now, brands such as Tag Heuer, DeadFellaz, and Brick/Babylon have stated their intent to offer their assets on the marketplace. 

According to the company’s CEO Pascal Gauthier, the aim of the software-infused venture is to support brands and artists throughout the entirety of their NFT journeys, from manufacturing, to minting, to distribution. As expected from Ledger, the platform will be built with security and transparency at its forefront.

With regards to the upcoming Web3 services platform by Ledger, it will be dubbed ‘Ledger Enterprise Create,’ and will serve as a platform for companies and creators to build Web3 projects on whilst enjoying complete creative control. 

All in all, the company has stated that such ventures come as part of its responsibility to educate its two million daily active users on the array of next-generation technology that is available to them. Through abiding to such ethos, the company is also launching a Web3 game called Ledger Quest, which will teach players how to earn money using NFTs, as well as Ledger Academy, which’ll be a platform for users to learn more about blockchain technology and security.

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.





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The Inaugural Historical NFT Collection From TheInfiniteDrop

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In an effort to combine the forward-thinking technologies of the Web3 realm with the wondrous, non-fictional happenings of the past, TheInfiniteDrop (TID), a historical NFT research institute working alongside world-renowned academics and legacy artists, will be bringing the monumental and sometimes under-documented journey of human beings to the blockchain.

To do so, the project has six separate historical NFT (hNFT) drops in store, with each looking transform the way in which value is perceived in NFTs by emphasizing tangible ‘content’ and ‘utility’ with a focus on education and art as opposed to arbitrary ‘rarity’ which is commonly seen in many PFP projects.

The Hominins hNFT Drop 

In a first-of-its-kind project which combines the expertise of artists, scholars, museums, and galleries, the inaugural hNFT instalment from TID is entitled ‘Hominins,’ a set of 12 different ape-like faces which each depict a stage in the six million year evolutionary journey of human beings.

Handcrafted by world-renowned paleo artist John Gurche, each of the 12 ape-like species will contain 88 editions, which will each be available for minting on OpenSea from June 24th for a price of 0.38 ETH. 

As with all TID hNFTs, each asset in the collection possesses a uniform rarity score, to reinforce the notion that exclusivity is not the focus here, but rather, educational and artistic value is. Such is the supreme craftsmanship and painstaking detail, eight of the Hominins are permanently exhibited in the Smithsonian Institution’s Hall of Human Origins.

Future hNFT Drops 

The utility plan for Hominins hNFTs, as well as the five other future hNFT drops (which will each cost between 0.18 ETH and 0.38 ETH), consists of an array of tangible rewards. Any hNFT holder (from any of the six collections) will receive a hardcover anthology of the 2022/23 hNFT editions titled ‘The Future of the Past’.

Those who mint eight hNFTs across the six drops will also receive a Global Museum Pass which’ll grant them free access to over 100 of the world’s most coveted museums for a year. Alternatively, the most dedicated of collectors who mint 24 hNFTs will have the choice of ignoring the previous reward, in favour of receiving a 33×33 inch state-of-the-art digital Tokenframe screen, which they can use to display their NFTs in a location of their choice. 

These augmented utilities also come alongside a rich array of educational and artistic values which will be embedded into each hNFT. In addition, TID will be donating 3% of all hNFT sales to FactCheck.org, The National Trust for Historic Preservation and the American Historical Association, three organizations which are dedicated to preserving accurate historical research.

Team

As each hNFT project is centered around a different part of human history, the TID is endowed with a diverse faculty which features an array of different experts and academics from fields which cover many corners of anthropology, sociology, and art.

Follow the TID hNFT Research Institute >> Twitter

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.





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