Instagram Future Crypto +40%: FLOW Explosive Growth

NFTs take over Instagram – Mark Zuckerberg and his team have been following the crypto ecosystem for years.After trying to create a currency for Facebook and its other apps, Zuckerberg is now working on it NFT. Great news for Flow, it’s just been integrated into Instagram.

Instagram and NFTs: a budding romance

Marc Zuckerberg since 2018 Facebook, Instagram or WhatsAppkeep an eye on the crypto ecosystem.

So he first tries to start by currency creation. Stablecoin Project Libra Then came.This stablecoin will become dailyBefore project abandoned in early 2022.

Finally, Meta will succumb to the NFT song, and their enthusiasm will continue to grow in 2021.

So, at the same time as announcing the end of Diem, Meta gradually leaked information, suggesting that NFTs will be integrated into Instagram.

Finally, on May 9, Meta launched a pilot program allowing Handpicked Instagram users test NFTs.

Now, Mark Zuckerberg wants to launch Deploy the feature in 100 countries around the world. He also took the opportunity to announce “new integrations with Coinbase and Dapper.”

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Instagram mentions Dapper, FLOW flies away

Only Dapper Labs was mentioned in the course of cryptocurrencies flow from the explosion 40%pass $1.86 Exceed $2.6.

Therefore, except NFT ofEthereum or Solana, Flow’s NFTs will also be available on Instagram. An integration has been announced during a pilot that launched in May and will now be available to web users in 100 countries.

In fact, Dapper Labs is the company behind the first-talked-about NFT phenomenon on Ethereum: encrypted cat. As a reminder, these collectible cats hacked Ethereum in late 2017, causing severe network congestion.

Faced with this major scalability issue, the Dapper Labs team decided to look into creating their own blockchain.This is how blockchain processcreated specifically for NFTs.

Flow for the blockchain by the creator of the NFT

As we just saw, flow Depend on Small and exquisite laboratory After the setbacks encountered during the launch of CryptoKitties.

In practice, the Flow blockchain ensures its consensus through proof-of-stake. Most PoS blockchains have two distinct nodes, validator nodes and full nodes, and Flow revisits this model by offering 4 different types of nodes, thus increasing the adaptation to NFTs:

  • 1. Collection node: Designed to improve network connectivity and data access for decentralized applications, including data related to NFTs;
  • 2. Consensus node: This will prioritize the order of transactions;
  • 3. Execute the node: who is responsible for executing the transaction;
  • 4. Verification Node: It verifies the transactions performed by the execution node.
Node types and their interactions.
Node types and their interactions.

Also, block rewards are not limited to validating nodes. Therefore, each of the four node types allows FLOW tokens to be generated.

The blockchain has received particular attention after the NFT project “NBA Top Shot” was held. A colorful project that has generated over $1 billion in transaction volume since its launch.

Recently, the project announced Improves decentralization by reducing the number of validator nodes owned by Dapper Labs. Now the project team owns only 32% of the nodes.

The crypto investment race is on! While Meta has gotten off to a good start, it’s still possible to catch up. do this, Quick registration on the PrimeXBT platform (Commercial link).

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