@d12321 3 November 2022 more from that month

Arweave token has risen in price by 52% in a day The value of the altcoin skyrocketed after a major social network started using its NFT storage platform The Arweave token has risen in price by 52% per day, then the current levels are about $15.1. At its peak, the price of the altcoin exceeded $17.4, having updated the maximum since mid-May. The market capitalization of the cryptocurrency is $768.9 billion with daily trading volumes of $507.6 billion, according to CoinGecko. Altcoin began to rise in price after Meta (Meta Platforms, the owner of Facebook and Instagram, is recognized as an extremist organization in Russia and banned, like social networks themselves) integrated the Arweave protocol to add NFT to Instagram. “Instagram users can now post their NFTs stored in Arweave as social media posts,” wrote Arveawe founder Sam Williams. The information was also confirmed by Meta's head of commerce, fintech and web3 Stefan Kasriel. Earlier this week, the company announced that users will be able to create their own NFTs on Instagram and sell them both on and off the social network. Meta* emphasized that they will support various blockchains for issuing NFTs, starting with Polygon and Solana. In August, Meta* announced the implementation of NFTs on Facebook and Instagram. To publish NFTs, users were asked to connect a digital wallet to an account on any of these platforms. Wallets such as Rainbow, MetaMask, CoinbaseWallet and Trust Wallet work with social networks. There is no fee for staking non-fungible digital tokens.