+ 40% for Instagram’s Future Crypto: Streaming Explodes

NFTs acquire Instagram – Mark Zuckerberg and his teams have been eyeing the crypto ecosystem for several years now. After trying to create a coin for Facebook and its other apps, Zuckerberg is now working on solving the problem NFT. Good news for Flow, which has just been integrated into Instagram.

Instagram and NFTs: a budding love affair

Since 2018, Mark Zuckerberg, President FBAnd the Instagram or The WhatsAppKeep a close eye on the coding ecosystem.

Thus, first try to join the ecosystem by embarking on monetary creation. stablecoin project Balance Then it appeared. This will become the stablecoin dimBefore The project was abandoned At the beginning of 2022.

Finally, Meta will have succumbed to the NFTs song, whose enthusiasm will continue to grow through 2021.

Thus, in parallel with the announcement of the end of Diem, the Meta gradually leaked information indicating that NFT will be integrated into Instagram.

Finally, on May 9, Meta launched a beta program that allows Handpicked Instagram User Test NFTs.

Now, Mark Zuckerberg wants to step up the pace by unveiling Spread the feature in 100 countries around the world. It also takes the opportunity to announce “new integrations with Coinbase and Dapper.”

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Dapper mentioned by Instagram and FLOW FLOW AWAY

It only required Dapper Labs to mention the path of cryptocurrency flow explode from 40%pass $1.86 During $2.6.

Thus, in addition to NFT FromEthereum or SolanaFlow’s NFTs will also be available on Instagram. An integration that was already announced during the beta launch in May and will now be available to network users in 100 countries.

In fact, Dapper Labs is the company behind one of the first NFT phenomena being talked about on Ethereum: Cryptokits. As a reminder, these collectible cats invaded Ethereum at the end of 2017, causing a huge traffic jam on the network.

Faced with this huge scalability issue, the Dapper Labs teams decided to look into creating their own blockchain. This is the method used by the file Blockchain streamingcreated specifically for NFTs.

Stream the blockchain by and NFT creators

As we just saw, flow Created by Dabur Labs After the frustration I faced while launching CryptoKitties.

In practice, the Flow blockchain ensures its consensus thanks to Proof of Stake. Where most PoS blockchains contain two different nodes, validation nodes and full nodes, Flow revisited this model by introducing 4 different types of nodes, allowing for increased adaptation to NFTs:

  • 1. Group Contract: It aims to improve network connectivity and data access for decentralized applications, including data related to NFT;
  • 2- Compatibility Contract: which will give priority to arranging transactions;
  • 3. Execution Contract: who are responsible for executing the transactions;
  • 4. Verification Contract: that verify the transactions carried out by the execution contract.
Node types and their interactions.
Node types and their interactions.

Additionally, block rewards are not limited to the validator contract. Therefore, each of the four types of nodes allows the creation of FLOW tokens.

The blockchain found itself notably in the spotlight after hosting the “NBA Top Shot” NFT project. A colorful project that has generated over $1 billion in scale since its launch.

Recently, the project announced Optimizing decentralization by reducing the number of authentication nodes owned by Dapper Labs. Now, project teams only own 32% of the contract.

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