NFT Technologies Now Compatible With Meta’s NFTs

- Advertisement -
- Advertisement -

Vancouver, British Columbia-based NFT Technologies Inc, a global company involved in technology mainstreaming decentralised ownership, NFTs and the metaverse for public markets recently announced that the company’s projects will be compatible with Meta Inc’s newly added NFT functionality, which was announced on August 4, 2022, by Meta’s CEO Mark Zuckerberg and Instagram’s head Adam Mosseri.

“Although in its infancy, Meta’s position is a true indicator that we are transitioning into web3,” said Adam De Cata, CEO of NFT Tech. “As we launch some of the world’s most prestigious brands and creators in web3, it’s crucial that we extend access to the digital IP and its utility to the widest possible audience.”

“Meta’s willingness to bet their multi-billion-dollar business on the future of web3 and the metaverse is a strong signal to the rest of the world,” continued Adam. “This rollout is giving me the same flashbacks to the early days of the internet and social media when it took major global brands years to set up a simple Facebook page. I think we will see a very similar trajectory with web3 and how it takes over the digital economy.”

- Advertisement -

Meta Inc, according to the company is a global leader when it comes to user acquisition. According to the company, during the second quarter of 2022 Meta’s 3.65 billion customers and users were using at least one of the company’s main products and core offerings such as WhatsApp, Instagram, Facebook or Messenger each month. Since May 2022, the enterprise has been developing and testing digital collectables on Instagram and starting from August 4 it is planning to launch the ability for people, businesses and collectors to buy and share digital content and collectables that they created or own. NFT Tech is working to design and develop infrastructure and assets, real estate and IP in the metaverse and generate revenue via P2E and M2E channels.


 

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Infineon And Amkor Forge Partnership To Boost Semiconductor Manufacturing In Europe

0
With operations set to commence in the first half of 2025, this alliance represents a significant stride in advancing the region's semiconductor manufacturing resilience...

“Alternatives To All Chinese Electronics Components Exist”

0
What is the difference between outsourcing electronics manufacturing to third parties and sourcing electronics built from scratch from third parties? Ishwar Kumhar, CEO of...

Spark Minda’s Sanjay Gupta Joins L&T’s Semiconductor Arm

0
L&T, late last year, had announced that it was investing Rs 830 crore to set up a semiconductor design company Sanjay Gupta has joined Larsen...

Buzz

Government Mandates Stringent Security Measures For CCTV Cameras In India

0
The government has made it mandatory for the testing of essential security parameters with test reports from Bureau of Indian Standards (BIS) and recognized...

Tresa Motors Launches Version 0.2 Of Its Electric Truck

0
The VO.2 is designed to offer a cost-effective and environmentally friendly logistics solution, boasting a powerful Axial Flux Motor, a quick 20-minute charge time,...

Hyundai And Kia Team Up With Exide Energy For LFP Batteries In India

0
Collaboration between Hyundai Motor, Kia, and Exide Energy will allow the introduction of locally manufactured LFP batteries in future electric vehicles (EVs) for the...

Important Sectors

Tresa Motors Launches Version 0.2 Of Its Electric Truck

0
The VO.2 is designed to offer a cost-effective and environmentally friendly logistics solution, boasting a powerful Axial Flux Motor, a quick 20-minute charge time,...

Hyundai And Kia Team Up With Exide Energy For LFP Batteries In India

0
Collaboration between Hyundai Motor, Kia, and Exide Energy will allow the introduction of locally manufactured LFP batteries in future electric vehicles (EVs) for the...

SEG Automotive To Launch New 400V Motor Line

0
The manufacturer of electric motors and generators considers localisation crucial and sees it as a facilitator when beginning discussions with prospective clients in India. SEG...

Ather Targets Family-Oriented Buyers With The Launch Of Ather Rizta

0
Ather Rizta will go head-to-head with competitors such as TVS iQube, Bajaj Chetak, Ola and Vida V1 Pro. To expand its customer base beyond performance...

Infineon And Amkor Forge Partnership To Boost Semiconductor Manufacturing In Europe

0
With operations set to commence in the first half of 2025, this alliance represents a significant stride in advancing the region's semiconductor manufacturing resilience...

Manufacturing

Tesla Starts Making Cars In Germany For India Exports This Year

0
A Tesla team is set to visit India this month to scout locations for a car manufacturing plant, with an estimated investment of around...
Sona Comstar

Sona Comstar Earns Second PLI Certification For Electric Two-Wheeler Hub Motor

0
In 2021, the government launched a five-year output-linked incentive scheme with a budget of Rs 25,938 crore to enhance local production of advanced automotive...

Valeo Launches ADAS Component Plant In Korea

0
The Valeo Daegu plant, now producing parking assistant sensors, is set to be a major Asian hub for autonomous driving sensors, gearing up for...

Indian Oil & Panasonic Energy To Make Li-ion Cells In India

0
The companies have signed a term sheet to establish a framework for a joint venture to manufacture cylindrical lithium-ion cells in India, anticipating growing...

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...