Meta Expansion

GM. Friday is here, so put on your dancing shoes and get ready for a night on the town. Or put on some comfy PJs and pass out on the couch. That’s what we’re going to do. Anyway, we’re kicking off the weekend with Meta expanding its NFT support, Coinbase and BlackRock striking a deal (sounds ominous), and some Ethereum NFT artists are embracing public domain.

We’ve got your daily distraction below.

Today’s Topics:

• Meta offers NFT support to 100 nations

• BlackRock and Coinbase working together

• NFT Moonbirds going public

• Quick Links

Meta Introduces International NFTs

Image: Meta

Mark Zuckerburg announced today that its Meta platform will offer NFT support for 100 countries. NFTs will be available on Instagram in nations in Africa, the Middle East, Asia, and the Americas. Up until this point, only certain creators in the United States had this type of support.

With this expansion, users can connect their Instagram account to a digital wallet, then share their NFTs while giving the creator the proper attribution. Wallets supported by Instagram include Coinbase Wallet, Trust Wallet, MetaMask, Dapper Wallet, and Rainbow.

This announcement shows how serious large companies are about moving forward with Web3. We’ve seen recently that Reddit will allow users to purchase NFT-based profile pictures, and Twitter announced in January its premium users can use NFTs for the same purpose.

Web3 is pushing forward. If you’re not on the train already, it might be time to get on board.

Coinbase Partners with BlackRock

Image: Coinbase

Even in the midst of a bear market, institutional investment has shown legitimate interest in where crypto is headed. Coinbase and BlackRock struck a deal that gives users access to the Aladdin platform through Coinbase Prime.

BlackRock’s clients - worth roughly $20, wait for it, trillion - will now have access to trading, reporting, custody, and prime brokerage services on Coinbase. According to Coinbase’s head of Institutional, Brett Tejpaul, this is a huge win for the crypto market.

“Having a partnership with Aladdin that gives $20 trillion of capital access to crypto is a huge game changer, I think, for Coinbase and for the industry.” Now, thanks to the partnership between the two behemoths, investors can track their crypto alongside their other investments.

Remember that train? It’s picking up steam as we speak.

Moonbird NFTs Entering Public Domain

One of the year’s most popular NFTs, Moonbirds, is now moving to the public domain. The project has yielded over half a billion in trading volume this year but now has chosen to switch to a CCo license.

Doing so allows anyone to use the artwork however they like. There are no limitations to what can be done with the NFTs. Anyone can use Moonbirds to create and sell products, apparel, or merchandise adorned with the NFT’s image.

Kevin Rose posted a Twitter thread today announcing the move.

Why move to public domain?

In a time when IP is more important than ever, there are NFT creators out there that are turning this idea on its head, opening up their content to all comers. The goal now is to put as much attention as possible on the IP, which would help drive up the value of the original.

Just like Bitcoin changed the way we view currency, making it more cooperative, so, too, is Moonbirds hoping to change the way we think about media.

Will it work? We sure hope it does.

Quick Headlines

You’re Out of Order! - Coinbase takes its case to the Supreme Court in an effort to settle its lawsuits.

No whip - Starbucks is joining Web3 with digital updates to its rewards program.

Viva Solana! - Check out how these white hat hackers fought back against the Solana attack.

So Hot Right Now - The recent heatwave has caused a dip in production with some mining operations.

Playing the Long Game - Fairfax County Retirement in Virginia is looking to invest in crypto with its $6.B pension fund.

Show me the money! - Crypto platform Voyager rejected FTX buyout after receiving higher offers.

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Disclosure: We are a newsletter for information only. We are not financial advisors nor do we claim to be. Consult your legal, investment or tax advisor. Crypto is risky. Do you own research.