Cointime

Download App
iOS & Android

Meta’s New Tools for Creators to Make and Sell Their Own NFTs on Instagram

Cointime Official

Takeaways

Meta is introducing a way for creators to make their own NFTs (or digital collectibles) and sell them to fans and collectors both on and off Instagram.Meta is adding new ways for people to show appreciation for their favorite creators through expanded access to Instagram subscriptions, gifting on Instagram Reels and updates to Facebook Stars.Meta is launching a new profile setting on Facebook that allows creators to build a public presence while maintaining their personal account.

Updates to Digital Collectibles

Creators will soon be able to make their own digital collectibles on Instagram and sell them to fans, both on and off Instagram.They’ll have an end-to-end toolkit — from creation (starting on the Polygon blockchain) and showcasing, to selling. People can easily support their favorite creators by buying their digital collectibles directly within Instagram.Meta is testing these new features with a small group of creators in the US first, and hope to expand to more countries soon.

Meta is also expanding the types of digital collectibles that you can showcase on Instagram to include video and adding support for the Solana blockchain and Phantom wallet, in addition to the blockchains and wallets that we already support.

Lastly, information for select collections where the metadata has been enriched by OpenSea, such as collection name and descriptions, will now be available on Instagram.

Audience Support for Creators

Meta is making it easier for people to show appreciation for their favorite creators across our apps, which helps creators strengthen their community and build their business.

Stars and Gifts

Meta is making it easier for people to discover Stars on Facebook by automatically enabling Stars on public creator content — including Reels.This means that people can learn about and use Stars in more places across Facebook.We are testing with a select number of creators globally.

For creators already using Stars, Meta is launching new features to make it easier to earn Stars and interact with Star senders:Bringing Stars Party to Reels. A Stars Party is a Stars community challenge that ends in a celebration if the creator reaches their goal.

Testing a new set of virtual gifts tailored to specific content.For example, if you’re watching a puppy reel from your favorite pet creator, you’ll be able to send that creator a dog-themed gift.

Giving creators more tools to engage with Stars senders, like adding a filter in Comments Manager that displays all of a creator’s Stars comments in one place.In this surface, creators will be able to reply to multiple comments at once.Bringing Stars to non-video public content like photos and text posts.

Product mock of Facebook Stars

Meta is introducing gifts on Instagram, starting with Reels, so creators have a new way to earn money from fans who love their Reels.To support their favorite creators, fans can send gifts on Reels by purchasing Stars within Instagram.We’re testing this with a small group of creators in the US first, and hope to expand to more creators soon.

Professional Mode for Facebook Profiles

Meta is launching professional mode for Facebook profiles, a new profile setting that allows creators around the world to build a public presence while maintaining their personal Facebook experience.Professional mode offers creators, and anyone that wants to become a creator, a set of tools and opportunities to begin growing a global community from their personal profile.With professional mode, creators can become eligible to earn money through Stars, ads on Facebook Reels, in-stream ads and Reels Play.They will also have access to content and audience analytics, educational resources and more.

Comments

All Comments

Recommended for you

  • Robinhood Chief Legal Officer Dan Gallagher Says He Won't Become SEC Chairman

    According to market news, Dan Gallagher, the Chief Legal Officer of Robinhood, stated that he would not serve as the Chairman of the US Securities and Exchange Commission.

  • Cosine: After a user used GPT to write a bot with a backdoor code, the private key was sent to a phishing website

    SlowMist Yu Xian stated in a post on the X platform that a user used GPT to write a bot with code and sent the private key to a phishing website. The reason why the private key was stolen was because it was directly sent to the phishing website in the HTTP request body. Yu Xian reminded that when using LLM such as GPT/Claude, one must pay attention to the common fraudulent behavior of these LLM. It was previously mentioned that AI poisoning attacks were carried out, and now this is a real attack case targeting the crypto industry.

  • U.S. Supreme Court rejects Facebook's attempt to avoid shareholder securities fraud lawsuit

     US Supreme Court rejected Facebook's attempt to avoid shareholder securities fraud lawsuits under the META umbrella.

  • The final value of the US one-year inflation rate in November is expected to be 2.6%, the expected value is 2.7%, and the previous value is 2.60%

     the expected final value of the US one-year inflation rate in November is 2.6%, with an expected value of 2.7% and a previous value of 2.60%. The expected final value of the US five-to-ten-year inflation rate in November is 3.2%, with an expected value of 3.1% and a previous value of 3.10%.

  • Polymarket Blocks French Users Amid Government Investigation into Gambling Law Compliance

    Polymarket has blocked users from France following reports of an investigation by the country's gaming authority for compliance with gambling laws. The ban was not stated in Polymarket's terms of service, but French users attempting to access the website using a VPN from a French server were met with a digital blockade. The ANJ, France's national gaming authority, began investigating Polymarket after a French trader placed large bets on Donald Trump winning the 2024 US Presidential election.

  • U.S. stocks open, most crypto stocks open lower

     the US stock market opened with the Dow Jones up 0.19%, the S&P 500 up 0.05%, and the Nasdaq up 0.01%. Most cryptocurrency stocks opened lower, with Coinbase (COIN.O) down 0.06%, MicroStrategy (MSTR.O) up 0.4%, and Riot Platforms (RIOT.O) down 2.6%. Previously, Bitcoin had risen above $99,000 before falling back.

  • Amazon to invest an additional $4 billion in Anthropic, OpenAI's rival

     Amazon is deepening its cooperation with Anthropic and will add an additional $4 billion investment to the company. In September of this year, Anthropic, an artificial intelligence startup, was seeking a new round of financing with a valuation of up to $40 billion. Anthropic was founded by former OpenAI executives in 2021 and focuses on creating interpretable, secure, and controllable artificial intelligence systems. The company's flagship AI model, Claude, operates based on "Constitutional AI," which uses predefined principles to guide its output, avoiding some erroneous or discriminatory output reactions.

  • Careers in Crypto: 5 Insights for 2024

    In an overwhelming job market, leaning into personal networks and connections are more important than ever. Emily Landon, CEO of The Crypto Recruiters, outlines what is happening in the crypto job market and how you can position yourself or your company in 2024.

  • Cointime August 10th News Express

    1. The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs

  • Adidas and Doodles collaborate to launch a limited edition NFT collection pack

    Sportswear giant Adidas is collaborating with Ethereum NFT series Doodles to sell virtual gift packages that support buyers in purchasing exclusive physical clothing. Adidas and Doodles stated in a joint statement that these limited edition collectible packages will be available for purchase before August 16th, with two items in each package. The Adidas Originals x Doodles online store shows that the retail price for a single package is $4.99, while the price for 2 to 100 packages ranges from $8.49 to $374.99.Some joint sets include physical collectibles featuring Deysi, the digital mascot in Pharrell Williams and Coi Leray's new song "Not in the Store". These collectibles include Deysi sportswear and Superstar shoes, with each limited to 200 pieces.