Today In Crypto: Instagram To Integrate NFTs – Tech Tribune France

Singaporean crypto FinTech platform Cake DeFi has announced a partnership with FACEIT, a British online gaming platform, which will cost millions of dollars, TechNode Global reported on Friday, May 6.

This will allow users to earn money from their crypto, according to the report. The collaboration will be facilitated by Pivot Agency and will allow Cake DeFi to access greater brand visibility through a series of “tailored and multi-faceted” gaming experiences, allowing people to earn crypto.

By partnering with FACEIT, the company will be able to go further into the gaming and esports space.

Meanwhile, Bankless said on Sunday May 8 that he had been banned from YouTube without “warning or justification,” CoinDesk wrote.

Bankless had 150,000 subscribers to its Ethereum-focused newsletter and podcast channel on YouTube, which featured “over 10,000 hours” of content and various interviews. Bankless is joined by other Web3 crypto accounts like Gabriel Haines.eth and Optimism Collective, which have also been shut down.

There was no confirmation from YouTube as to why the channels were removed, but the social media site has shut down other channels in the past and later reinstated them without explanation.

In other news, CoinDesk wrote on Saturday, May 7 that non-fungible tokens (NFTs) from various popular blockchain networks are coming to Instagram, with a pilot program coming soon.

Instagram plans to offer NFT integrations for Etheruem, Polygon, Solana and Flow, according to the report. These networks host the bulk of NFT exchanges, and Ethereum in particular holds the largest share, as they distribute the popular Bored Ape NFTs.

The pilot would feature a small group of NFT enthusiasts from the United States. The report noted that Instagram eventually wants to support widely used crypto wallets like MetaMask, allowing users to prove ownership of NFTs and showcase them, as well as tag their creators.

Finally, KakaoBank, South Korea’s largest neobank, is planning to partner with the country’s digital currency exchanges, CoinGeek reported on Sunday.

KakaoBank CEO Yun Ho-young confirmed the plan during a company call, according to the report, and Yun said KakaoBank is currently in talks with a digital currency exchange about a partnership.

“Like [crypto] is seen as a major asset among customers, we are looking at how we can provide virtual assets as a service or as a business in a favorable light,” he said, according to CoinGeek.

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Today In Crypto: Instagram To Integrate NFTs – Tech Tribune France


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