Polygon, Arweave Jump Double Digits as Meta’s Instagram Announces New NFT Tools

[Google News Bot]

It’s been a big day for Arweave and Polygon. News that Instagram will leverage the Polygon blockchain to let users mint and sell NFTs has sent blockchain’s MATIC soaring by 14.3% since yesterday, per CoinGecko. This is the social media platform’s latest Web3 integration amid intense competition with TikTok and Alphabet’s YouTube. Decentralized data storage protocol Arweave’s AR token is also up a whopping 59.2% since yesterday, per CoinGecko, after Instagram announced it would use Arweave for the storage of its creators’ NFTs. Long lambasted by creators for its lack of d ...

Continue reading the above news article, by clicking here.

Administration and Moderation NOTE: A Reminder, the above news is provided for free, through a RSS Feed. The above quote does NOT include the full story. In order to continue to read more past what is quoted, please click through to the article, by clicking on the link provided above through the "continue reading" text.

Please be sensible and follow our terms of service and rules, when replying and debating the news article.