Meta announced that Instagram will soon let creators make and sell their own NFTs on the app itself
It appears that non-fungible tokens, often known as NFTs, will remain a feature of your preferred social networking networks. At the very least, it seems to be the case for one of the platforms owned by Meta. As part of its Creator Week event, Meta made the announcement on Wednesday that Instagram will soon enable creators to build and sell their own NFTs within the application itself. People were told that the new feature gives fans another way to show their support for their favorite content creators.
It is anticipated that the new capability will take the form of an “end-to-end toolset” that will enable content creators to produce, exhibit, and sell their own NFTs on Instagram. After they are made, fans will be able to buy these NFTs straight from the app once they are available for sale. On Instagram, users currently do not have widespread access to the capability of creating and selling “digital collectibles,” as described by Meta. The statement states that it is still in the testing phase “with a select number of creators in the United States first,” with the intention of expanding to other nations in the near future.
Meta has also announced a number of new features for Instagram and Facebook that are designed for creators, such as the following:
- The scope of subscribers will be broadened to include “all eligible creators in the United States.” Fans will be able to pay membership fees to access exclusive material (as well as other rewards) from their favorite content creators as a result of this development.
- Instagram is currently testing the functionality that will enable followers to send presents to creators on Reels “by purchasing stars within Instagram.” This will provide creators with an extra opportunity to make money via the use of Instagram Reels.
- Meta is also creating an option for user profiles called “Professional Mode,” which enables Facebook users to become producers on the platform using their own profiles and gain access to tools for artists as well as monetization opportunities.
This is the most recent thing Instagram has done to try to get creators to come back to the platform. It is trying to compete with TikTok, which has become very popular in recent years.