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Creators will soon be able to make their own NFTs and see them directly on IG. People will be able to easily support their favourite artists / creators by buying digital collectibles directly within Instagram. 

Meta has made a commitment to not charge any additional fees (Meta will cover gas) for selling NFTs until at least 2024. Additionally, Meta is also expanding its showcasing capabilities to include video digital collectibles on IG and adding support for Solana and Phantom wallet. 

Meta is testing these new features with a small group of creators in the US to start and will expand to more countries soon. 

It's huge news and a massive a massive unblock for creators.

After decades as outcasts, digital artists are receiving a warm reception from curators at major museums looking to embrace new audiences and retain wealthy donors from the NFT boom.

Remember 👀: It took nearly a century after photography was invented for the artistic medium to receive its first museum exhibition in the United States.

Until recently, most museums had spurned digital art collections in favour of the paintings and sculptures that still dominate their galleries. But after budgets tightened and attendance plateaued during the coronavirus pandemic, the industry has started to embrace artistic experiments involving blockchain, virtual reality and artificial intelligence programs. Curators want to connect with younger, tech-obsessed audiences and catch the interest of any crypto millionaires who might donate.

Over the past year, MoMA curators and trustees have quietly met with several blue-chip NFT artists like Mike Winkelmann (known as Beeple), Justin Aversano and Dmitri Cherniak. And during a recent event at the museum about how artists are using new web technologies, curators provided attendees with a free NFT they had commissioned by the artist Stephanie Dinkins.

Go deeper (8 min. read)

At the beginning of the year, Twitter introduced a feature for Twitter Blue subscribers that allowed them to connect ether-based wallets and display NFTs as profile pictures.

With Elon taking over Twitter, we will likely see broader adoption of a range of cryptocurrencies within the platform, it’s not just going to be a bitcoin-dominated platform.

For its NFT support, Twitter planned to verify ownership with the help of OpenSea and other third-party NFT marketplaces. The number of blue checkmarks shot up, and hexagon-shaped NFTs became the new status symbol when it comes to digital assets.

“Blue check no longer means anything,” tweeted the director of research at Proof Collective.

He thinks Twitter’s new “pay-for-verification switch” is “not good,” but acknowledges the “state of blue checks in NFTs is a mess” due to the number of scammers, bots and fake influencers with verified accounts.

Other Twitter users said proving humanity might be part of a tiered verification system that includes elements of gaming to distinguish between bots, companies and individuals. Or that a Twitter token may be in the works, given that a crypto wallet is also reportedly part of the company’s plans.

We’re also likely to see more payment capabilities on Twitter beyond Lightning, which will be really good for the industry.

Binance founder Changpeng Zhao, also known as CZ, on Monday affirmed his plan to “help bring Twitter into Web3 when they’re ready.” CZ contributed $500 million in Musk’s Twitter leveraged buyout — another indicator of the growing relationship between the social network and digital assets.

• Glass XYZ: The Web3 platform reminding creatives to put video first (Wishu)
• Apple, more than Meta, holds the key to unlocking a ‘metaverse’-type world of AR (MarketWatch)
• Why Roblox is a metaverse marketing on-ramp—despite Web3 interoperability (AdAge)
• Two insiders debate the metaverse (WSJ)