Coinmonks
Published in

Coinmonks

🐰 Disney makes bold Metaverse moves.

Contents (3 min read):

🖌️ Now we can share NFTs on Facebook and IG?

Meta is allowing anyone to connect their crypto wallet and share their Ethereum, Flow, and Polygon NFTs with friends and followers.

A non-fungible token (NFT) is a unique digital identifier that cannot be copied, substituted, or subdivided, recorded in a blockchain, and used to certify authenticity and ownership. The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded. NFTs can be created by anybody, requiring few or no coding skills. NFTs typically contain references to digital files such as photos, videos, and audio. Because NFTs are uniquely identifiable assets, they differ from cryptocurrencies, which are fungible.

Continuing its recent rollout, tech giant Meta announced today that its NFT collectibles support is now available to all Facebook and Instagram users within the United States.

Meta first began enabling NFT support on its platforms in May with Instagram, and then added Facebook support in June. In both cases, the firm started with a limited number of users but has gradually expanded the pool over time.

Donate Subscriptions

Now anyone in the U.S. can showcase their NFTs, joining users in some 100 other countries across Asia-Pacific, Africa, the Middle East, and the Americas.

Facebook and Instagram support wallet connections MetaMask, Dapper Wallet, Coinbase Wallet, Rainbow, and TrustWallet. The feature is available from the “digital collectibles” tab in settings in both mobile apps.

🐰 Disney makes bold Metaverse moves

Disney’s CEO has revealed that they are continuing to explore and develop their plans for the metaverse. Speaking at Disney’s biennial D23 Expo fan convention, Chief Executive of Walt Disney Co Bob Chapek described how the 98-year-old company will use the technology moving forward.

Get a group subscription

Earlier this year, Disney hired Mike White to lead the newly formed unit. In addition, they also hired Mark Bozon for their metaverse creative strategy. Notably, Mark spent 12 years at the tech giant Apple before joining Disney. The company plans to continue its hiring spree to speed up its web3 plans.

Disney wants to use data from the physical and digital worlds to drive its metaverse policy, says the CEO. Data from theme park visits and consumer streaming habits are two sectors Disney is considering for their metaverse strategy.

Disney describes their metaverse vision as “next-generation storytelling.”

Additionally, Disney has also been active in the NFT space. Working with VeVe, the NFT marketplace, they launched the ‘Golden Moments’ collection. This includes Spiderman, Mickey Mouse, Marvel, Pixar collections, and more.

Startupy

I am happy to announce that I have become a curator and member of Startupy. A community-curated search engine. Zero SEO BS. I invite you to join this delightful library of knowledge and insights designed for wandering, research, and thinking.

📈 Top Crypto movers of the week

Uniswap is a cryptocurrency exchange that uses a decentralized network protocol. Uniswap is also the name of the company that initially built the Uniswap protocol. It facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts. As of October 2020, Uniswap was estimated to be the largest decentralized exchange and the fourth-largest cryptocurrency exchange overall by daily trading volume.

📙 A quick guide to Stablecoins

Stablecoins are just cryptocurrencies with their value pegged against some “stable” assets such as precious metals or fiat currencies such as the US Dollar. (Yes, we know, the dollar and other FIATs are not that stable, but not as volatile as most cryptos).

The different stablecoin categories are basically indicative of the assets backing them. A detailed understanding of the different types of stablecoins could help you establish promising foundation-level knowledge of stablecoins.

101 Blockchains

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
YAROCELIS.eth - Web3 Consultant

🔐 WEB3 | ⛓Blockchain | 🪐Xverse | Gratitude 🙏 | Subscrive to our web3 weekly newsletter and have access to our community and a 1-on-1 free session.