Meta announced on Thursday that it is giving everyone in the US the ability to share digital collectibles on Facebook andInstagram. In over 100 other countries, sharing on the latter platform is also possible. After connecting your wallet to your profile, you can create a post featuring the NFTs in that wallet. The creator and collector are automatically tagged when the results are shared.
If you want to use the Digital Collectibles feature on your phone, there are currently five wallets that are supported. The app says you can connect different wallet if you use the web version of the app on a desktop, but when I tried it, it brought me back to my feed on the website.
I don't think many people will be worried about the details of sharing NFTs on social media, and I bet the feature will be similar to the U2 album that invaded the phones many years ago. NFT trading has fallen dramatically this year compared to its peak this summer. Data from NonFungible.com shows that the number and value of NFT sales have been lower this year than they were in the previous year.
Attempts were made to get the general public to care about the digital token. Last month, as Meta began to expand access to this feature, the two artists did a performance at the MTV Awards. The average sales price, market cap, number of sales, and number of people trading NFTs in that collection have all gone down since then.
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