Instagram goes with the FlowMeta-owned Instagram has been dabbling with non-fungibles for some time now, and a recent initiative is giving the FLOW token some welcome recognition.
- Meta is expanding NFT support on Instagram to 100 countries, said Zuck on Thursday, following an initial test launch in May that seems to have gone well enough – the rollout will also bring third-party wallet connections with wallets such as Metamask, Rainbow, and Coinbase Wallet.
- Instagram also has a new NFT partnership with Flow. The update will mean users are able to post digital collectibles minted on the Flow blockchain, which is an open blockchain platform created by Dapper Labs and is best known for Dapper’s sports NFT projects like NBA Top Shot.
- The FLOW token was absolutely pumping on Thursday as a result of the exposure, sprinting ahead by over 40% on Thursday and up another 13% on Friday morning to hit its highest levels since mid-May. But, worth noting that FLOW is now an overbought asset and that could mean a correction is imminent.
Kenny Eliason / Unsplash
Subscribe to Snaps
See the market snapshots that matter and nothing else – sent to your inbox daily. Designed to be read in 20 seconds or less.
Flow wants more inflowsFlow scores a big win as waves of funding enters its ecosystem to get more projects on its blockchain.
- Parent network Dapper Labs pulled in $725m worth of investment – a massive boost to support projects currently in development, but also to attract new ones. Out of the total 15 contributors, investors included Andreessen Horowitz (a16z) and Coatue – both of which have stakes in FLOW.
- Flow dubs itself as a speedy and decentralized blockchain perfect for games, apps, and other digital assets to build on. Thanks to its quick transaction speeds and low costs, it’s become a hub for NFT platforms such as NBA Top Shot and UFC Strike.
- FLOW pumped 12% on Tuesday once word got around, going against the general bearish grain of the crypto market. The token currently sits within the top 50 cryptos in terms of market cap. Very dapper indeed.
Daniele Levis Pelusi / Unsplash