Flow blockchain and Instagram
The Flow blockchain it’s the first public blockchain that supports smart contracts out-of-the-box. Instagram is planning on introducing NFTs (non fungible tokens) which are customizable digital assets. Flow is collaborating with Instagram to create a custom NFT gateway for the photo-sharing platform. This will allow millions of Instagram's users to produce and collect non fungible tokens (NFTs).
The Flow blockchain is built for mainstream consumer adoption.
The Flow blockchain was built for mainstream consumer adoption, focusing on use-cases in gaming, digital media and entertainment. It is a public blockchain that supports smart contracts and makes it easy to build on the blockchain. The Flow blockchain is developer-friendly and can be used to build apps that require high throughput transactions with minimal fees.
Flowchain also offers developers tools like:
Developer Portal: a place for developers who are interested in building on the Flowchain platform
Wallet Creation Tool: a simple tool that allows anyone to easily create their own wallet within minutes
SDKs: available for iOS and Android devices
It’s the first public blockchain that supports smart contracts out-of-the-box.
Flow is the first public blockchain that supports smart contracts out-of-the-box. We’ve built Flow to support mainstream consumer adoption, and we view ourselves as an open platform for gaming, digital media, and entertainment.
Our goal is to help developers build dapps with ease, without having to worry about the underlying infrastructure. This means you can focus on building your product while Flow handles everything else.
Instagram is planning on introducing NFTs.
Instagram is planning on introducing NFTs. This means that the platform will be able to support the creation of non-fungible tokens, or NFTs. Currently, there's a lot of hype surrounding blockchain and non-fungible tokens (or NFTs), and Instagram could become a major player in this space.
Flow is collaborating with Instagram to create a custom NFT gateway for the photo-sharing platform.
Flow is collaborating with Instagram to create a custom NFT gateway for the photo-sharing platform. This means that Flow will be the first blockchain to support NFTs in a consumer-friendly way and the first blockchain to support NFTs in a developer-friendly way.
Millions of Instagram's users will be able to produce and collect non-fungible tokens (NFTs).
NFTs are unique digital assets that can be owned by a single person, but can also be transferred and traded to others.
They’re similar to cryptocurrencies in that they are valuable, transferable, and verifiable. The main difference is that non-fungible tokens represent any type of thing rather than just one resource like Bitcoin or Ethereum do. For example, one could create an NFT token representing ownership over their favorite piece of art on Instagram - then sell it to someone else who appreciates the same art (or even give it away as a gift).
The Flow Blockchain forms part of the foundation for NFTs at Instagram
As part of the Flow blockchain developer platform, we are working with a small group of developers to test the network and provide feedback. We have started building out features like support for multiple assets per transaction, atomic swaps, and other foundational technologies that will make it easier to build more complex applications on top of Flow.
We are also working closely with other companies who have launched their own blockchains (like NFTs) or who plan to launch them in the near future. Our goal is to help these projects make sure they can be integrated into Flow’s development tools so that developers don't need new skills or knowledge before they can build these networks on top of ours.
So, what does this all mean? We think the Flow blockchain has the potential to revolutionize how we interact with our data. By making it possible to create digital assets and make them transferable on a peer-to-peer network, Flow could change the way we view our digital possessions. This could also help solve one of the biggest problems facing social media today: privacy concerns over advertisers having access to your personal information. It might not be long until we see other websites using Flow as well!