Instagram is adding a new feature to the app that lets users pay creators to create and sell NFTs. The social network is also testing a new version of the app called Instagram Live. The app will be available to all users in the U.S. for $99.99 ($1.99) with a subscription fee. It will also allow users to send gifts to their friends via the app. The company is hoping to use the platform to build up its own social network to attract more people to social media users. It's also looking at ways to monetize its content in the future, including in-streaming videos and live videos. It has also added a feature that allows users to pay for their friends to make a donation. This is great news for creators as it signifies an increasing trend of blue-chip brands getting involved and experiencing the metaverse first hand. More companies means more opportunities and demand for creators to participate in, and contribute to, incoming brand's projects.

November 3, 2022 10:31 AM