Facebook announced yesterday that everyone in the US can now display and cross-post the NFTs they’ve collected or created by connecting their wallet and doxxing themselves and their entire transaction history to the FBI.
Ok, that’s a bit of hyperbole, but crypto enthusiasts are not impressed, and for a market that values privacy and data sovereignty, their reaction should not come as a surprise. The FBI is known for their legally questionable habit of cherry-picking Meta user data without a warrant.
On the other hand, this move toward mass adoption could be seen as a good thing, for some. Supported blockchains include Ethereum, Polygon, Solana, and Flow, and they announced that creators won’t face any fees for cross-posting or sharing their NFTs (because why would they charge for that?), although buying and selling in their metaverse comes with a staggering 47.5% transaction fee. It remains to be seen what they’ll be charging in their planned marketplace.
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