Meta Platforms CEO Mark Zuckerberg confirmed that the company is working on the technical functionality for users to display their NFTs on Instagram. Zuckerberg also added that users could even “mint” some NFTs within the app moving forward, according to a Bloomberg report.
“We’re working on bringing NFTs to Instagram in the near term,” he said during an interview at the South by Southwest conference on March 15, though declining to share specifics on when and how the feature might work.
Meta has been looking into building NFT features into their existing products such as the company’s Novi digital wallet as early as last August, according to former Meta executive David Marcus.
Meanwhile, the Central Bank of Russia (CBR) has notified banks to track certain transactions, in particular, those involving cryptocurrency. It has sent out a letter calling on the institutions to identify “anomalies in the transactional activity” of their clients like changes in consumer and investment spending, Bitcoin.com reported.
According to the document, the monitoring should also cover operations by persons and entities in circumvention of foreign currency restrictions and withdrawal of assets by organizations registered in “unfriendly” countries, as sighted by Forklog.
This latest attempt by the CBR to curb crypto-related transactions comes in spite of recent statements revealing Russia’s interest in using digital currencies to restore its access to global finances, severely limited by sanctions over its military invasion of Ukraine.
See also: Digital Assets Association launches to connect tradfi and tokenised real world assets
Temasek, along with other investors such as SoftBank Vision Fund 2 and Microsoft are some of the new backers of blockchain software technology company ConsenSys. The company had recently closed a US$450 million financing round, bringing its valuation to US$7 billion.
The proceeds from the round will be converted to ethereum (ETH) to rebalance the ratio of ETH to USD-equivalents in line with ConsenSys’ treasury strategy. This further builds ConsenSys’ “ultra sound money” position in advance of Ethereum’s upcoming merge to Proof of Stake.
Photographer: George Frey/Bloomberg
