The vast majority of the $17.7bn worth of NFTs traded last year were for visual artworks, games and collectibles, according to market tracker. NFTs use blockchain technology to certify ownership of digital assets. The planned expansion will let users from the Americas. A couple weeks ago, it would’ve been hard to identify a great deal of common threading between Mark Zuckerberg, the Facebook billionaire, Daniel Ek, the Spotify billionaire, and Brian Armstrong. The test launch for the NFTs on Instagram went live in May to select creators in the United States. Join John Filippone + me on April 14 to learn more. Other social media companies, including Twitter and Reddit, are also working to build new features for displaying or trading NFTs. After launching a non-fungible token (NFT) pilot on Instagram for American users earlier this year, Meta has announced plans to expand its NFT features to as many as 100 other countries. While the US fintech market remains attractive to European digital banks. This week, Facebook founder Mark Zuckerberg confirmed a Financial Times report earlier this year that Instagram would soon start to support NFTs. Digital Collectibles are one of the main features of Sony's loyalty scheme, and can be earned by completing Campaigns or exchanging Points for Rewards. Spotify is the latest tech giant to venture into NFTs and head off potential competition from crypto start-ups. ![]() Financial Times: Two recent job ads show Spotify is recruiting people to work on early stage projects related to "Web3," a tech buzzword for a blockchain-powered network that some crypto enthusiasts hope will wrestle control back from the Big Tech platforms that dominate today's internet. ![]() Spotify is drawing up plans to add blockchain technology and non-fungible tokens to its streaming service, fuelling excitement in the crypto and music industries about the potential of NFTs to boost artists' earnings.
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