Finding Our Way to a New-Look Social Media Space

The human arsenal might be expansive beyond all known limits, but truth be told, it still doesn’t have anything more valuable than our tendency to grow on a consistent basis. This tendency, in particular, has allowed us to hit upon some huge milestones, with technology appearing as a unique member of the stated group. The primary reason why technology’s credentials are so anomalous is down to its skill-set, which ushered us towards a reality that we couldn’t have even imagined otherwise. Nevertheless, if we look beyond the surface for a second, it will become clear how the whole runner was also very much inspired by the way we applied those skills across a real-world environment. The latter component was, in fact, what gave the creation spectrum-wide presence, and consequentially, kickstarted a tech revolution. This revolution, as we discovered later, will go on to scale up the human experience from every conceivable direction, but even after achieving such a monumental feat, technology will somehow continue to produce all the right goods. The same has only turned more and more evident over the recent past, and Meta’s latest move does a lot to keep that trend alive and kicking.

Meta is officially set to launch a slew of creator updates across Facebook and Instagram, with the option to create your NFTs headlining the announcement. Yes, the Instagram creators will soon be able to create their own NFTs and sell them directly to fans. They’ll do so using a specialized toolkit, and as for how a user can buy these NFTs, the whole transaction is expected to be facilitated through the traditional in-app purchases on iOS and Android devices. Talk about supporting this new service, it will, at least for the initial phase, run on Polygon blockchain.

“This move represents a remarkable milestone in the evolution of Instagram’s existing NFT functionality and a natural next step to bring Web3 to the mainstream,” said Polygon co-founder, Sandeep Nailwal.

On a much wider scale, though, Instagram is also adding support for the Solana blockchain and Phantom wallet. They join the platform’s already deep line-up of blockchains and wallets that include Rainbow, MetaMask, Trust Wallet, Coinbase Wallet, Dapper Wallet, Ethereum, Polygon, and Flow.

Moving on from NFTs, another one of Instagram’s new updates talk to an expanded subscription service. In case you haven’t been keeping up, the social media giant began testing subscriptions back in January, a feature that was designed to let creators offer their followers paid access to exclusive Instagram Live videos and Stories. Meta’s intention to bolster monetization is even evident in its plans for Facebook. To give you an example, the company is gearing to increase access to Stars, which helps creators in earning money directly from followers on Reels, live, and video on demand. However, if the expansion goes just like how it is envisioned, the service should soon be available on non-video content as well.

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