NFT News Digest: Instagram launches NFT in its app

05.11.2022
NFT News Digest: Instagram launches NFT in its app

In addition to the news that Instagram is launching the NFT on its app, in today’s NFT news digest for the past week of October 29 to November 04, you’ll find:

  1. MetaMask Teams Up with NFTBank to Valuate Portfolio of NFT Users in Real Time
  2. Game of Thrones launches official NFTs backed by Warner Bros, Daz 3D and Nifty’s
  3. FIFA will open access to VIP services at the 2022 FIFA World Cup in Qatar through NFT
  4. Ledger became the official partner of the new Fight Back Apes collection from Daz 3D

Instagram launches NFT in its app

Meta Corporation announced the ability to create their own collections of non-fungible tokens on Instagram, thereby moving beyond the social network platform and becoming an NFT social marketplace, as it will soon allow creators to mint, display and sell NFTs.

For the first time, creators on Instagram will be able to release and sell digital collectibles right in the app. Slowly, and then all at once! Commented Mihailo Bjelic, co-founder of Polygon.

What are the conditions for the introduction of NFT in Instagram now known?

  • Testing new features will be with a small group of Instagram creators in the US for now, and will soon expand to more users and countries.
  • Creators can use a comprehensive Polygon-based toolkit to create, showcase, and sell NFTs on Instagram and beyond.
  • Meta also expands the type of digital collectibles you can showcase on Instagram to include videos
  • Instagram already works with Coinbase Wallet, Dapper Wallet, Rainbow, MetaMask and Trust Wallet. Polygon, Ethereum and Flow blockchain platforms are supported.
  • In addition to the blockchains and wallets that Meta already supports, Instagram is also introducing support for the Phantom Wallet and the Solana blockchain.
  • For the creation and sale of NFTs, Meta itself will not charge a commission until 2024. The company will even cover the network commission, but only for the first time.

It is very important that our early efforts in this area empower diverse opinions and that underrepresented groups have access to new digital assets such as NFTs. By building NFT support, we aim to improve accessibility, lower barriers to entry, and help make the NFT space more open to all communities. Declared Meta on her official website

Who are the NFT creators of Instagram?

The official Meta website also lists the names of several creators that people can follow on Instagram to see NFTs on their platform. Notable names such as:

The news comes after Apple updated its App Store guidelines stating that apps are allowed to create, list, and transfer NFTs. Thus, an increasing number of global corporations are recognizing, implementing and investing in the promising NFT market. By integrating the NFT marketplace features with Instagram, it can bring millions of monthly active Instagram users to Web3.

 

MetaMask teams up with NFTBank to evaluate real-time NFT portfolio of users

One of the most popular cryptocurrency wallets, Metamask, is launching an NFT portfolio tracking feature in partnership with NFTBank. The new utility will allow users to easily track the value of their NFT portfolio.

The company wants to offer users more than 90% NFT pricing accuracy by giving them instant valuation of their portfolios, including over 5,000 collections.

What is NFTBank?

NFTBank is a portfolio management tool and valuation engine for NFTs founded by Daniel Minsu Kim in 2015. They are already an NFT valuation solution for other large projects such as Chainlink, NFTfi, Pine, Stater and Unlockd Finance. The company is also supported by Hashed, DCG, 1k(x) and other investors.

What does NFTBank offer to evaluate an NFT portfolio?

NFTBank’s NFT pricing engine uses information such as floor price, rarity, and supply/demand distribution to calculate a single price value for any given NFT in the collection with over 90% accuracy. The company has invested in an advanced machine learning based statistical algorithm to make the pricing mechanism work. It already offers NFT pricing information for over 5,000 NFT collections and makes them available through both the API and its own dedicated app.

NFTBank has proven to be the ideal partner to implement this feature with its sophisticated machine learning models and powerful infrastructure capabilities that can support MetaMask scale to provide a consistent experience for millions of MetaMask users.Commented by Kai Huang, MetaMask Portfolio dApp Product Manager

Why is NFT portfolio valuation inside MetaMask important?

NFT pricing has remained one of the most complex issues since the emergence of the phenomenon in 2017, despite the emergence of several web-based data science and analytics tools.

The need to understand the right price for NFTs has become even more evident as many have learned the hard way about the dramatic volatility of the NFT markets and at the same time learned about the potential of NFTs as a new class of digital assets. NFTBank’s NFT price data will facilitate the new Metamask NFT integration, helping users make informed decisions about their portfolio. Said Daniel Kim, CEO of NFTBank.

NFT floor prices still show high levels of volatility, while the difference between the cheapest and the most expensive NFT in a given collection can reach millions of dollars.

This makes it difficult for NFT holders to determine the value of their NFT, unless they are using the previous sale price, which is better not to rely on either.

 

Game of Thrones Launches Official NFT World Backed by Warner Bros, Daz 3D and Nifty’s

The vast world universe is launching an NFT gaming realm where Game of Thrones fans will be able to collect NFTs such as avatars, equipment, weapons, equipment, and locations.

This breakthrough was made possible through partnerships with high-profile industry brands:

  • Warner Bros, one of the largest films and television series production concerns in the USA,
  • Daz 3D, one of the best companies in the field of 3D visualization and an industry leader in the development and strategy of NFT,
  • Nifty’s, environmentally friendly trading platform NFT.

Create an NFT world of Game of Thrones

The world-creation feature is one of the most exciting aspects of the Game of Thrones NFT announcement. Basically, NFT owners can create their own realm with their favorite characters and weapons through the purchase of NFT packs or by participating in various activities.

NFT packages for the exciting world of Game of Thrones

Each bundle will contain different NFTs from Game of Thrones:

  • weapon,
  • equipment,
  • clothes
  • companions
  • locations
  • characters from the GoT universe

This move by the most expansive fantasy universe with dragons and monsters, which has become one of the most watched series of all time, testifies to the globalization and applicability of the digital asset market. In fact, NFT technology can be adapted to any area, but, you see, entering this world through your favorite characters, films and TV shows is much more exciting.

 

FIFA will open access to VIP services at the 2022 FIFA World Cup in Qatar via NFT

The 2022 FIFA World Cup is the 22nd FIFA World Cup, the final part of which is scheduled to be held from November 20 to December 18, 2022 in Qatar.

Yesterday, FIFA launched FIFA+ Collect  to let its web3 fans join in on the fun. The project gives football fans the opportunity to attend a prestigious football tournament and receive real unforgettable VIP services. To do this, you need to purchase an NFT package from $4.99.

What is FIFA+Collect NFT?

Built on the Algorand blockchain, FIFA+Collect is a digital collections platform that allows fans to purchase various FIFA NFTs through a “pack” system. Thanks to them, fans can collect fragments of football history in the form of a blockchain. And also, through the FIFA + Collect platform, owners can trade and exchange them.

What VIP services can be obtained thanks to the NFT?

Each purchase of a set before November 20 automatically entitles you to participate in the prize draw. In addition, a new winner will be randomly selected every week.

  • The winner of the FIFA NFT Contest will receive an incredible set of VIP benefits:
  • Plus, one paid five day/four-night trip to Doha, Qatar.
  • Free airfare
  • Luxurious accommodation at the St. Regis Doha
  • Tickets for two quarter-final matches of the World Cup
  • $500 for expenses
  • FIFA and FIFA+ Commemorative Gift Basket Collect memorabilia
  • Many other awards.

 

Ledger has become the official partner of the new Fight Back Apes collection from Daz 3D

Recently, Daz 3D, a global company with its powerful 3D modeling software Daz Studio, announced a new collaboration with industry leader Ledger, which is focused on developing security systems and solutions for the cryptocurrency market. The new collaboration will take place within the framework of the new NFT project Fight Back Apes, the global sales of which will start on November 19 on CoinBase NFT.

Working with Ledger will allow us to provide some of the most valuable security insights from the Web3 security leader. Fight Back Apes have learned so much about NFT security and safety during their previous fight, and we know that with the help of Ledger, Fight Back Apes will prove that the future of Web3 projects like ours can be safe for everyone. Said Tyler Lewisohn, vice president of development and strategic partnerships at Daz 3D.

This collaboration adds an important element of security to a brand-new project built on the wreckage of the highly publicized Evolved Apes project, whose creator, after a successful launch, rolled up the carpet and scammed all investors.

This partnership with Fight Back Apes and Daz 3D will reinforce all of our efforts to develop and promote a Web3 environment that everyone can trust, bringing more people into this exciting space. Ledger is committed to building the resilience of our users through verifiable trust through our security products, and Fight Back Apes’ active efforts to keep their community safe sends the message that intruders will not be tolerated and the NFT community will fight for safety and security. Said Ariel Wengroff, vice president of communications at Ledger.