The actual Little League baseball card of Mark Zuckerberg and its NFT version will be up for auction.
Mark Zuckerberg's Little League Baseball Card Will Be Auctioned as an NFT
According to Meta, Instagram now offers an option to connect your digital wallet and post your NFTs and digital collectibles on your page. Mark Zuckerberg was converting his Little League baseball card into an NFT and selling it as a way to advertise this new feature, according to a news story by BuzzFeedNews.
Along with the physical card, a blockchain-stored digital copy will also be put up for auction. In 1992, when Zuckerberg was 8 years old, he gave his camp counselor the card; the counselor kept it and is now selling it. BuzzFeedNews noted that Zuckerberg had an impressive batting average of .980 at the age of 8.
The comic book store that brokered the sale of the NFT claims: "[Zuckerberg] had this card personally made in 1992 and gave it to his favorite camp counselor, Allie Tarantino. Allie accepted the gift and playfully asked Mark to sign it, like a real baseball player."
Instagram Will Showcase NFTs
Instagram announced in May that a selected group of creators and collectors could post their digital collectibles on the social media site.
Instagram said that it will test digital collectibles with a small group of U.S. creators and collectors who will be able to share NFTs that they have created or purchased on Instagram. This is done in order to enhance their experience of the creators who are using new technologies like NFTs to take more control over their work and how they can monetize.
The social media behemoth announced on Aug. 4 that it had begun expanding internationally to 100 countries in Africa, Asia-Pacific, the Middle East, and the Americas. In addition, we now enable posting of digital collectibles created on the Flow blockchain as well as wallet integrations with Dapper and Coinbase Wallet.
To offer this service, Instagram collects and organizes open blockchains' public data, including Ethereum. It can only determine which collectibles belong to collectors and creators when they link their third-party wallets to Instagram using the public blockchain data.
You only need to link your digital wallet to Instagram in order to post a digital collectible. As of Thursday, connections with third-party wallets including Rainbow, MetaMask, Trust Wallet, Coinbase Wallet, and Dapper Wallet are supported, with connections with more to follow.
Currently supported blockchains are Flow, Polygon, and Ethereum. Posting or sharing a digital collectible on Instagram is free of charge.
The Verge noted that Meta's main cash cow, Facebook, just reported its first-ever decline in revenue for the second quarter. Instagram is already in a state of confusion, rolling back tests of TikTok-like features because "people are frustrated and the usage data isn't great," said CEO Adam Mosseri.
