NFTs take over Instagram – Marc Zuckerberg and his teams have been watching the crypto ecosystem for several years. After trying to create a currency for Facebook and its other apps, Zuckerberg is now dealing NFT. Good news for Flow, which has just been integrated into Instagram.
Instagram and NFT: a new love affair
As of 2018, Marc Zuckerberg, the boss Facebook, instagram or WhatsAppclosely monitors the crypto ecosystem.
So he first tried to join the ecosystem by venturing into monetary creation. Stablecoin project Libra then he appeared. This stablecoin will become diembefore the project was abandoned early 2022
Finally, the Meta will yield to the song of the NFT, whose enthusiasm has continued to grow throughout 2021.
So, in parallel with the announcement of the end of Diem, the Meta gradually leaked information suggesting that it was NFT would be integrated into Instagram.
Finally, on May 9, Meta launched a pilot program that allows a A handpicked handful of Instagram users testing NFT.
Now, Mark Zuckerberg wants to increase speed with disclosure implementation of this feature in a hundred countries around the world. He also takes the opportunity to announce “new integrations with Coinbase and Dapper”.
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Mention Dapper on Instagram and FLOW takes off
Dapper Labs should only have been mentioned for the cryptocurrency stream FLOW explodes from 40%in passing $1.86 done $2.6.
So, next to NFT ofEthereum or of Salt flats, Flow’s NFTs will also be available on Instagram. The integration, which was already announced during the pilot project, was launched in May and will now be available to network users in 100 countries.
Indeed, Dapper Labs is the company behind one of the first NFT phenomena to be talked about on Ethereum: Cryptokitties. As a reminder, these collector cats attacked Ethereum at the end of 2017, causing a significant uproar on the network.
Faced with this major scalability issue, the Dapper Labs teams decided to explore creating their own blockchain. This is how it is Blockchain Flowcreated specifically for NFT.
Stream blockchain with and for NFT creators
As we have just seen, Flow has created Dapper Labs after the frustration we encountered during the launch of CryptoKitties.
In practice, the Flow blockchain secures its consensus thanks to Proof of Stake. Where most PoS blockchains have two different nodes, namely validator nodes and full nodes, Flow has revisited this model by offering 4 different types of nodes, allowing increased adaptation to NFTs:
- 1. Collection nodes: aim to improve network connectivity and data access for decentralized applications, including NFT-related data;
- 2. Consensus nodes: which will prioritize the order of transactions;
- 3. Executive nodes: who are responsible for the execution of transactions;
- 4. Nodes to check: which verify transactions made by executing nodes.
Additionally, block rewards are not limited to validator nodes. Therefore, each of the four types of nodes allows the generation of FLOW tokens.
This blockchain came into the spotlight in particular after hosting the NFT project “NBA Top Shot”. A colorful project that has generated more than a billion dollars since its launch.
Recently, the project was announced improve its decentralization by reducing the number of validator nodes owned by Dapper Labs. Now project teams only own 32% of the nodes.
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