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It’s official: Instagram is becoming a place to mint and sell NFT. Sigh

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Earlier this year, it was announced that Instagram would become an NFT market in addition to being… Well, everything else. It looks like NFTs are here to stay and what’s more, the options to mint and buy them are here to extend, at least on Instagram.

At its Creator Week event this week, Meta confirmed what we’ve heard before: Instagram will soon let users mint and sell their own NFTs directly in the app. The new tool is meant for creators, and Instagram presents it as another way for followers to support creators.

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Instagram surpasses 2 billion active monthly users… Or does it?

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Meta has announced that Instagram now has over two billion monthly active users worldwide. Four years after hitting the 1 billion mark, the number has doubled, closing in on Facebook and its 2.96 billion users.

However, does this show the real situation? Are the active monthly users real 2 billion people spending their time on Instagram? That’s definitely something to discuss.

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Photographer loses embedding lawsuit against Meta… For now

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Earlier this year, a photographer filed a lawsuit against Meta. As in some previous cases, it was because of Meta’s embed tool which allows anyone to add photos to third-party websites without asking for permission.

However, the photographer lost the case – or more precisely, he lost this round. The judge gave him permission to amend his complaint, which means that he could win the war despite losing this battle.

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Google rivals Meta by releasing Imagen video, its own text-to-video AI

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Google has revealed its own text-to-video AI-generated program which is called Imagen video. Similar to Meta’s Make-a-video, the program allows users to generate a short video clip purely by entering descriptive text. It’s very similar to text-to-image apps such as Dall-E and Midjourney, however this time the end product is moving pictures.

Of course, this isn’t the first iteration of text-to-video, and neither was Meta’s for that matter. A few couple of months ago DIYP reported that it would be the next big AI visual progression, and in typical AI nature, that progress has reached us at an insanely rapid rate. But back to Google.

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British ruling blames Instagram and Pinterest for a teen girl’s suicide

After a 14-year-old girl took her own life several years ago, both her parents and the public wondered how big of a role social media might have had in her suicide. According to coroner Andrew Walker: a big one!

Last week, Walker assessed the responsibility of social media in the suicide of yet another teenager. The girl reportedly watched and saved an enormous amount of content related to suicide and self-harm. According to Walker, the content that she liked or saved in the days prior to her death was “so disturbing” that even he found it “almost impossible to watch.”

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Meta launches text-to-video generator and it’s giving me nightmares

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AI text-to-image generators have been in full swing lately. Even text-to-video has become a thing, now Meta has introduced its own. Just like the rest of these generators, Meta’s Make-A-Video AI model lets you turn textual prompts into short video clips.

Make-A-Video offers three different styles of videos: surreal, realistic, and stylized. And while I still find it impressive that this technology even exists – even the “realistic” videos give me the creeps.

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Instagram ‘testing’ near-copy of BeReal in new IG Candid Challenges

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The great social media copycat strikes again it seems. Instagram is currently testing out a new feature which bears an uncanny resemblance to the popular app BeReal. Leaker and well-known reverse engineer Alessandro Paluzzi published screenshots of the feature which is called IG Candid Challenges.

The as-yet-to-be-released feature will live in the story section of the app and will be opt-in. If users choose to participate, they will receive a notification at a different time every day prompting them to take a picture in two minutes. Sounds an awful lot like BeReal to me!

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This 360° camera shoots 12.5K 360 footage and costs a whopping $42,000

Despite the name, the Meta Three 360° camera has nothing to do with the recently rebranded parent company of Facebook. They’re actually a UK-based company developing 360° cameras and live streaming solutions. The “Three” part of the name is because it’s their third their camera. There’s also a Meta One and the Meta Two, which cost a relatively low £21,000  (~$25,400) and £16,000 (~$19,350) respectively… Plus tax, of course.

I say “relatively low” because the Meta Three costs an insane £35,000 + VAT – or a little over $42,000 + tax for our American readers. But the specs and features of this thing are pretty insane. Like, the fact that it shoots 12.5K resolution video using four vertically oriented 6K sensors with very low parallax, ProRes 422 (and h.265), electronic focus and aperture control and live streaming capability.

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Zuckerberg: Meta won’t take any revenue from Facebook and Instagram creators until 2024

If you’re making money from Instagram and Facebook content, here’s some good news. Meta has announced that it won’t take a cut of your revenue for another year. In the latest attempt to get you off TikTok, Meta says that creators will get to keep all of their earnings until 2024.

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