THE HASH: Mark Zuckerberg Testing NFTs on Instagram and What Impact Will Crypto Markets Slide Have on Coinbase
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 9 May 2022
⏱️ 23 minutes
🧾️ Download transcript
Summary
The most valuable crypto stories for Monday, May 9, 2022.
"The Hash" panel discusses Meta Platforms testing NFTs on Instagram, Bankless crypto channel banned and then reinstated by YouTube and what impact crypto markets’ slide and volatility will have on Coinbase's latest earnings report.
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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.
This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz Our theme song is “Neon Beach.”
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Transcript
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| 0:00.0 | This is the hash podcast. |
| 0:09.9 | Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more, with stories |
| 0:15.5 | that matter to the crypto world, all on the hash for your ears. |
| 0:20.5 | You're listening to the Coin Desk Podcast Network. |
| 0:24.5 | Hey there, happy Monday and welcome to the hash on CoinDest TV. |
| 0:28.8 | Also, if you're a podcast listener, that's pretty cool too. |
| 0:31.9 | Thanks for being here, however you are consuming us on this lovely Monday. |
| 0:36.5 | All right, let's get you up to speed on what is going on |
| 0:39.1 | in the world of crypto. I am starting us off today, and I am starting with some news about |
| 0:43.7 | meta leaning into NFTs. The company formerly known as Facebook is adding NFTs, and we reported |
| 0:52.6 | this over the weekend, and it was confirmed this morning in a |
| 0:55.4 | video from CEO Mark Zuckerberg, who says NFTs are coming to a popular app near you starting |
| 1:01.2 | this week. We're starting to test digital collectibles on Instagram so that creators and collectors |
| 1:07.4 | can display their NFTs. And a huge part of this, I think, it goes back to what |
| 1:12.5 | you're saying. It's about expression, right? And saying something about yourself, what do you want |
| 1:15.8 | on your profile? What's the collection that you want to show? So I'm really excited to start testing |
| 1:19.9 | this. Zuck added that they're also going to add it to Facebook soon, which is cool. They're going to |
| 1:24.9 | start with Ethereum NFTs, but they're also adding support |
| 1:28.2 | for NFTs on other chains. Will, I got to toss this to you as our NFT guy. |
| 1:33.7 | Multi-chain NFTs support from the company formerly known as Facebook. What the hell is going on? |
| 1:38.8 | What does it all mean? Yeah, shout to Danny Nelson for this story over the weekend. Definitely a big |
| 1:43.6 | get. |
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