Mark Zuckerberg has some good news for creators on Facebook and Instagram. The Facebook CEO in a detailed post via his official account. Now you will be able to earn big money through Facebook-Instagram, the company’s CEO Mark Zuckerberg himself has not only given information about it but has also told the methods.
If you also want to use Facebook and Instagram to earn money, then this news is for you. In fact, the CEO of Facebook said in a post through his official account that the company will ban any revenue sharing on Facebook and Instagram by 2024. “We will stop any revenue sharing on Facebook and Instagram by 2024. That includes paid online events, subscriptions, badges, and bulletins.”
In addition, Zuckerberg also announced new ways for creators to make money on the two social media platforms. The list includes features like digital collectibles, Stars, and interoperable subscriptions among others. Zuckerberg said these features “will help creators build the Metaverse.”
In total, the Facebook founder announced five new features for creators on Instagram and Facebook.
Interoperable Subscriptions: This feature will let creators give their paying subscribers on other platforms access to subscriber-only Facebook Groups.
Facebook Stars: Zuckerberg also said that the company is opening its tipping feature called Stars to all eligible creators so more people can start earning from their Reels, live, or VOD videos.
Monetizing Reels: Additionally, the company is opening up the Reels Play Bonus program to more creators on Facebook, which will let creators cross-post their Instagram Reels to Facebook and monetize them there too.
Creator Marketplace: The Meta CEO said that the company has started testing a set place on Instagram where creators can get discovered and paid, and where brands can share new partnership opportunities.
Digital Collectibles: Lastly, Zuckerberg said that the company is expanding support for displaying NFTs on Instagram to more creators. “We’ll bring this feature to Facebook soon too — starting with a small group of US creators — so people can cross-post on Instagram and Facebook,” Zuckerberg wrote in a post adding, “We’ll also test NFTs in Instagram Stories with SparkAR soon.”
