Can Flow (FLOW) make money from the Metaverse?

Flow (FLOW) could profit from Mark Zuckerberg’s embrace of the Metaverse. To explain, Flow is one of the nonfungible token (NFT) blockchains Instagram now supports.

Instagram could support Ethereum (ETH), Flow, and Polygon NFTs in 100 countries, a 4 August 2022 Meta (FB) press release claims. Instagram’s NFT support is part of Meta’s embrace of digital collectibles. If true, this means Instagram now allows users to connect digital wallets, share digital collectibles, and automatically tag collectors and creators.

I think Meta will make money from NFTs by collecting and organizing data from open blockchains, such as Ethereum. The press release admits Meta is gathering “public blockchain data.” My guess is Zuckerberg thinks he can sell that data.

Can Meta (FB) Help Flow?

Flow could benefit because Meta claims Instagram will support Flow (FLOW) and Solana (SOL) NFTs soon. Currently, Ethereum and Polygon (MATIC) are the only NFTs, Instagram supports.

Flow is a blockchain platform built to support NFTs by the team behind CryptoKitties. They built to support the construction and distribution of NFTs.

They claim over 7,000 developers are building NFTs on Flow. Additionally, they claim Flow supports 11 million wallet accounts…