I genuinely can’t think of a single person I follow on insta that I’d pay to see more posts from.
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Instagram Testing Subscriptions That Let Users Pay for Content From Creators
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Instagram will want a huge cut. Creators hopefully won't be ok with that.
Instagram is simply copying Twitch the same way Youtube copied Twitch (and Patreon). Just another way for a company to bank on someone else's fanbase/success. Whatever floats your boat.
I actually follow a few people on Patreon who put out some great informative content. Things like oversimplified, or crash course, TLDR. I do appreciate their content and do contribute now and then to their patreon. However, I think the economics of it is... interesting. It's basically just free-market dynamics - except the marketplace (youtube, instagram, etc.) is the controlling force. There's a lot to unpack really to figure out if it's sustainable.
This is about connecting incredible creators with their fans in more meaningful ways.
One thing i've learnt with pay subscription based modeling used on social media is that it pushes the content creator to put all the good stuff behind their pay subsbscription which leaves their channel becoming more boring and less interesting. Instagram will go the same way.
Pay to see a subscribers content. Subscriber is an influencer and is selling a product. You are now paying to see ads. No thanks.
And then what? What would NFT's bring to instagram?
Nothing wrong with NFT's, but the problem is that famous and other idiots are promoting NFTs for all useless purposes.
Instagram’s M.O. is monetization so I think they see this an opportunity to take NFT’s mainstream. Instagram provides content creators with a platform to showcase/sell their work to a broad audiance, and in turn Instagram takes a cut.
I sure hope we are smart enough to tell real life from make believe transact economy!
Companies like Meta/Merda/Facebook who have been weaponised against rational and enlightened society should be booted off the stock exchanges as punishment.
That's the best threat that regulators should have in place to force executives to clean up their companies and act like responsible people. The fines they pay are too small and meaningless. They need to become poor again.
That's the best threat that regulators should have in place to force executives to clean up their companies and act like responsible people. The fines they pay are too small and meaningless. They need to become poor again.