Mark Zuckerberg announces several updates for creators on Facebook and Instagram.

June 22, 2022

Meta CEO Mark Zuckerberg announced that they are expanding their test so more creators around the world can display their NFTs on Instagram.

The NFT feature will soon also be available on Facebook as well.

The social media company announced that they are rolling out more ways for creators to make money on Facebook and Instagram.

Zuckerberg announced Meta is going to keep paid online events, fan subscriptions, badges and its upcoming independent news products free for creators until 2024.

The social media giant is also testing a designated place on Instagram where creators can get discovered and paid for content.

Meta also announced the launch of Facebook Stars, the virtual items that allow fans to express their support for their favorite creators.

The social media company reported a loss of $2.9 billion in its metaverse division in the first quarter of 2022.