Trust Wallet, a Binance-owned crypto wallet platform, has partnered with tech giant Meta to support Ethereum and Polygon NFTs on Instagram.
This news comes just a few days after Meta announced that it was ready to launch NFTs in over 100 countries after integrating with Coinbase Wallet and Dapper Labs. Following a trial period in May, users can now link their digital wallets to Instagram and begin posting their digital collections. Navdeep Singh, Meta’s Product Manager, revealed last month that similar testing is also taking place on Facebook.
Trust Wallet is META’s new bet after losing $2.8 billion in the Q2 2022!
Although Meta’s Metaverse business unit, Reality Labs, lost $2.8 billion in Q2 2022, after losing nearly $3 billion in the first quarter, Meta is still betting big on the Metaverse. This makes sense because Meta kicked off the Metaverse trend by changing the company name in October 2021.
This partnership should help Trust Wallet open up more opportunities for NFTs and Metaverse integration and attract more Meta users, creating a launching pad for future development of the project.