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Meta allows crossposting of NFTs for Facebook and Instagram users

  • Facebook and Instagram users can connect their digital wallets to either app, and share or cross-post NFTs.

Meta, the parent company of social media platforms Facebook and Instagram, has today expanded the digital collectibles functionality on the two platforms.

An update the company provided on 29 September states that all users on both Facebook and Instagram apps can now share and cross-post their digital collectibles. 

Share NFTs across Facebook and Instagram

According to the announcement, once users connect their wallets to either app, they can share NFTs on Facebook to their account on Instagram.

The cross-posting and sharing is available for users in the United States as well as across all of the 100 countries where Meta supports digital collectibles on Instagram. Users can post or share digital collectibles at no fees.

Meta first announced support for NFTs on its Instagram in May this year, before expanding that to Facebook.

An international expansion of the digital collectibles feature for users in Africa, Asia-Pacific, the Middle East, and the Americas in August brought the support to 100 countries. The company also added wallet support for Coinbase Wallet and Dapper, on top of earlier support for Rainbow, Trust Wallet, and MetaMask.

The feature also expanded to three blockchains – Ethereum, Polygon and Flow.

The post Meta allows crossposting of NFTs for Facebook and Instagram users appeared first on CoinJournal.

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Minteo closes $4.3 million round as it eyes Web3 growth for Latin America

Minteo’s $4.3 million seed round attracted the backing of Fabric Ventures, OpenSea Ventures, Dune Ventures, CMT Digital, among other investors across crypto and Web3.

Latin America-based NFT marketplace Minteo has closed a $4.3 million seed funding round contributed to by a wide range of investors across the ecosystem.

Minteo secured the funding from notable venture capital players and angel investors, including Fabric Ventures, CMT Digital, OpenSea Ventures, Impatient VC, Dune Ventures, and Susquehanna Private Equity Investments.

Others who participated were SevenX Ventures, FJ Labs, Big Brain Holdings, G20 Ventures, Zero Knowledge, Alliance DAO, and AngelDAO. A host of leading angel investors also participated, the startup noted in a press release.

Web3 for the Latin America region

Minteo, which is now backed by some of the marquee names in the Web3 investment space, plans to use the capital injection to boost its development and reach across the Latin America region.

The startup’s mission is to introduce the region to Web3 and help onboard millions of via NFTs.

“Latin Americans love art, music, dancing, and socializing. This is engrained in the fabric of our community,” said Santiago Rodriguez, co-founder and Chief Executive Officer, Minteo.

“Through Minteo’s NFT platform, Latin Americans will now be able to celebrate these incredible aspects of our culture. We truly believe that the region is ready for increased Web3 adoption, and the net effect it will have for many creators and communities will be life-changing,” he added in a statement.

Latin America is one of the regions with the fastest growing community of cryptocurrency and blockchain ecosystem users. Countries such as Brazil, Mexico, Argentina and Colombia are seeing massive numbers in terms of crypto adoption – and NFTs are the new frontier.

Minteo is thus looking to make inroads in the LATAM market through user-friendly mobile app, built-in self-custodied wallet, and support for local payment methods among other features.

The post Minteo closes $4.3 million round as it eyes Web3 growth for Latin America appeared first on CoinJournal.

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PancakeSwap prediction as price maintains uptrend

  • PancakeSwap token has pumped by 12% in the past one week

  • CAKE has ranked high on social metrics in the week 

  • The cryptocurrency has met a psychological $5 resistance and could correct

PancakeSwap CAKE/USD continues to excite despite the broader market slump. The cryptocurrency trades at close to $5, the highest in 4 months. On crypto ranking, PancakeSwap has moved to #60, up from #78 in July. This week, the cryptocurrency has gained by more than 12%.

CAKE’s gains coincide with positive social metrics. On September 29, the cryptocurrency was the second most mentioned BNB Chain project on Twitter. The social media mentions coincided with a 3.95% price jump in 24 hours.

Again on September 24, CAKE ranked second behind XRP on the AltRank list. The list ranks tokens based on social metrics and indicates upside anticipation for the coin. Aappratenly, CAKE was trading at $4.5 on the same date before surging to touch $5 earlier today.

CAKE meets resistance at $5 after weekly gains

Skilling

Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.

Buy CAKE with Skilling today

Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

Buy CAKE with Capital.com today

Source – TradingView

Technically, CAKE has been moving in a system of higher highs and higher lows. The price action indicates a building and sustained bullish momentum. The token has corrected slightly after meeting resistance at $5. The level coincides with overbought conditions, with the RSI at 70. 

Concluding thoughts

Being overbought does not mean that CAKE will undergo an outright correction. Instead, it suggests that buyers may exit positions, which could force a market correction.

With a positive price movement since June, CAKE is among the cryptos to beat the weak sentiment. With the projected correction at $5, buyers would look again to scoop the token at $4.5.

On the flip side, if CAKE manages to break above $5, it could initiate a longer-lasting recovery. An upside could see the token face minor resistance at $5.7.

The post PancakeSwap prediction as price maintains uptrend appeared first on CoinJournal.