Meta NFT announcement sends Polygon (MATIC) and Arweave (AR) soaring

Meta shares might be on a continual death spiral, but news of a major NFT integration in the pipeline has sent two cryptocurrencies to the top of the trending charts. Meta announced on Tuesday that users of its Instagram and Facebook social media platforms will soon be able to create and sell NFTs directly to fans via the platforms.

Timeline of Arweave, Polygon

Over the last 24 hours, the cryptocurrency market cap saw net inflows of $4.6 billion to $1,009.4 billion from $1,004.8 billion as of press time — up 0.5%. The post CryptoSlate Daily wMarket Update – Nov. 2: Polygon stands out among flat large caps appeared first on CryptoSlate.

Meta has integrated decentralized data storage protocol Arweave to permanently store digital collectibles from Instagram. The post Meta to use decentralized data storage protocol Arweave to store NFTs from Instagram appeared first on The Block.

Polygon (MATIC/USD) soared after Meta (NASDAQ: META) announced an expansion of its support for Polygon-powered NFTs. The latest piece of cryptocurrency news from Meta is that Instagram users can now create and sell their own non-fungible tokens (NFTs) on Polygon via a new integration of an end-to-end toolkit.

Arweave is partnering with Meta to store non-fungible tokens (NFTs) on Instagram, the protocol's CEO and co-founder Sam Williams announced on Twitter. The post Arweave teams up with Meta for NFT storage, AR token spikes 61% appeared first on CryptoSlate.

Meta (formerly Facebook) is expanding within the crypto ecosystem, where they recently announced that Instagram would host a marketplace for non-fungible tokens (NFTs) that will have support for Polygon (MATIC/USD). Polygon is essentially an Ethereum (ETH/USD) scaling platform and infrastructure for development.

Bitcoin bulls have a fight on their hands to keep the world's largest cryptocurrency above the US$20,000 support line. So far so good, but having dipped a further 0.8% to US$20,300 in the past 24 hours, nothing is a given.

Meta has announced an end-to-end toolkit allowing Instagram users to mint NFTs on the Polygon (MATIC) blockchain and sell them on social media. The post Polygon surges 10% following Instagram integration announcement appeared first on CryptoSlate.

Meta is pulling in all the stops to expand into the crypto ecosystem. The social media platform announced that it would soon have NFT creation and trading tools built-in, allowing creators to seamlessly mint and sell Polygon-based NFTs.

Meta has set in an early Christmas mode for digital asset creators. For the first time ever, Meta is empowering creators to mint & sell Polygon-powered digital collectibles on & off the Instagram platform.

Meta Platforms Inc (NASDAQ: META)-owned Instagram will soon allow users to create, sell and showcase Polygon (CRYPTO: MATIC) based nonfungible tokens (NFTs), giving them new ways to monetize their communities using digital collectibles. What Happened: Instagram on Wednesday announced plans to integrate a full end-to-end toolkit that can be used for the whole process — from the creation of NFTs to showcasing and selling NFTs, starting on the Polygon blockchain.