Meta has announced that it was adding a plethora of new features to Instagram. These include a tool to trade digital collectibles so that all eligible creators can earn a good income from their fan base. It is a move that provides a great chance for content creators to monetize their popularity and presence on social media.
Soon, Instagram users will be able to support their favorite creators by purchasing their NFTs (Non-Fungible Tokens) directly with Instagram, the company said.
The company is planning to test the new features with a small group of creators in the United States. After that, it will be expanded to other countries soon.
Meta has been developing new exciting features for users to earn a decent income on its social media apps. The company is in an effort to stand out from the rest, as it competes for talent with popular apps like Tiktok at a time when influencers are bringing in advertising dollars to these platforms.
In addition to such updates, Meta is working on expanding access to subscriptions on Instagram to all eligible creators in the United States, which paves them a way to earn a predictable income on Instagram.
The company is also launching gifts on Instagram, and a professional mode for Facebook profiles, which is a great option for creators to build a public presence while maintaining their personal Facebook profile.