The meta will open up the NFT market and bring it into the mainstream, but can that mean there is greater risk?

In the future, Facebook and Instagram will allow users to use NFTs for their photos. Meta can create trading NFTs where users can exit and trade NFTs.

This could push the existing NFT industry into the mainstream, but it could also mean greater risk. Meta may be trying to get more rights to repair its reputation by renaming and launching popular products. ~

As tech companies compete to "reverse" Metaverse, a potential multi-million dollar investment, the Financial Times reports that Meta Inc. (formerly Facebook) is discussing the potential for NFT business to grow, with users selling NFTs. elements. ~

Groups from Facebook and Instagram also say they are "working on something special" that could be used to display the NFT as a profile picture on social media. This will provide a new choice of raw NFT and JPG representation, allowing NFT holders to increase their preference for shared content. ~

Corporate interest in NFTs has been around for some time. Last year, Instagram CEO Adam Mosseri said, "We're exploring ways to make NFT accessible to NFTs and to more people."

"These efforts are in their infancy, but they can change," the Financial Times said. The NFT OpenSea platform generated over $3.5 billion in monthly market share and $169 million in daily market value for the first time. It is natural for Meta to take advantage against strong competitors. ~

However, Facebook has been accused of criticizing benefits, disrupting users' privacy and having dangerous consequences for young people. Disruption has caused Meta to lose popularity over the years, but users will return to the new concept. ~

These new efforts from Meta are considered the biggest boost for the NFT industry, but how much will they cost? ~

Has the meta taken over NFTs, or has NFTs changed companies? ~

Novi is Meta's crypto wallet. The Financial Times backed it to become "the heart of the plan" because "multiple support Novi will support NFT". When asked, the community expressed concern about the marketing risk of meta-products.

US Senators Brian Schatz, Sherrod Brown, Richard Blumenthal, Elizabeth Warren and Tina Smith have all said they don't trust Facebook to protect user data or take responsibility for its payment platform. ~

They immediately postponed the announcement of the project and told Mark Zuckerberg to "present the Novi project and not put Diem on the market".

At the same time, the senators said, “You have failed to provide a satisfactory description of the product as Diem against financial fraud and other criminal offenses beyond financial security risk. »

In response, the financial company Diem announced to the board of directors: “Diem is not Facebook. We are an independent organization. Novi on Facebook is just one of more than 20 members of the Diem association. and Novi has nothing to do with Diem.

However, everything indicates that Facebook is working on two projects: Novi Wallet and Diem. Although market concerns about the company are not going away. ~

Rebranding, new product launches, rebranding, and leaps in concept of Metaverse, Crypto, and NFT distract users from the fact that there are many potential threats for groups to disrupt human life. The plan will work. ~

In 2015 Mark Zuckerberg said "Facebook is a family of apps", but today it seems like a very risky family.