More and more, we are aware of news not only from the crypto sector but also from NFTs. The latest such news comes from Meta, which caused a stir last year when it unveiled its big plans to create its own metaverse, but the public’s response hasn’t precisely been optimistic. Meta-owned Instagram has announced that the NFT feature will soon be available in 100 more countries. Regions include the Americas, Asia Pacific, Middle East, and Africa.
As we mentioned a few lines above, the public response was not exactly positive, as 77% of people polled said they did not want Meta to build Metaverse, but would like to see a decentralized platform embark on the venture. In July of this year, NFT was further tested on Instagram for a limited number of creators in the US who could display their own NFT collections. Meta also recently filed five new trademark applications with the US Patent and Trademark Office, including a crypto payment application.