FLOW - How Meta Sent Arweave Flow and Polygon Cryptocurrencies Higher on Thursday
Meta Platforms (NASDAQ: META) announced late on Wednesday that it's building an "end-to-end toolkit" for creating, displaying, and selling non-fungible tokens (NFTs) on its platform. Flow (CRYPTO: FLOW) and Polygon (CRYPTO: MATIC) are two of the blockchains supported and Meta said that Arweave (CRYPTO: AR) is the Web3 storage solution that will be used.
Arweave has been the biggest winner , gaining 52.5% in the last 24 hours as of 12:30 p.m. ET. Flow is up 14.4% in that time, and Polygon is up 11.3%.
Meta has been slowly increasing support for crypto and NFTs for months, announcing that Facebook and Instagram would allow posting of Ethereum , Polygon, and Flow NFTs at least as far back as August 2022.
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How Meta Sent Arweave, Flow, and Polygon Cryptocurrencies Higher on Thursday