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If you thought there’s no corner on Instagram without ads, you’re wrong, my good friend. Meta can always make room for more, and that’s exactly what it’s about to do.

As the company is struggling with a major financial loss, it needs a way to generate more revenue. So, Instagram is about to get even more ads, and they’re going to be everywhere.

There are already ads on your Feed, in Reels, in Stories… So is there even a place where there can be more of them? Meta found the way, so they will now be on in your Explore feed, and a feed of posts you see when you click on someone’s profile. Brands can already post ads to the Explore feed, and the profile feed ads are still in the testing phase. “As a part of this test, we will experiment with a monetization opportunity that will allow eligible creators to earn extra income from ads displayed in their profile feeds, beginning with select U.S. creators,” Meta writes.

But wait, there’s more. Instagram now also has AI-powered multi-advertiser ads. In other words, Instagram’s algorithm will pay attention when you engage with an ad. And then, it will deliver ads underneath that it thinks may interest you.

In the announcement, Meta writes that new ad placements and formats are there “to help businesses tell their story and reach new customers.” So kind of them, right? As a mere Instagram user and creator, I feel like both my work and the work of the people I follow are drowning in ads and branded content. I think it’s only a matter of time before we find an alternative for showcasing and selling our artwork.

[via Engadget]

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Dunja Djudjic is a writer and photographer from Novi Sad, Serbia. You can see her work on Flickr, Behance and her Facebook page.

Sourced from www.diyphotography.net

By Camomile Shumba

  • Anatoly Yakovenko, who co-founded Solana, says NFTs are essentially self-monetizing social networks.
  • Yakovenko said NFT communities did not rely on “poison marketplaces” to make money.
  • Experts have said NFT communities grow thanks in large part to word of mouth.

Non-fungible tokens might be all the rage right now, but they’re in fact the early foundations of the social networks of the future, according to Solana co-founder Anatoly Yakovenko.

NFTs are often sold as part of a collection, or come as part of a play-to-earn gaming platform, linking up owners all over the world. The sense of community is built in from the get-go and requires no external involvement.

“I think these are the early starts of true web social networks that do not rely on ads for monetization that don’t rely on Google or Facebook to function,” Yakovenko told Insider in a recent interview.

“They are purely these digital communities that can monetize/self monetize from their own content without the need of any of these external poison marketplaces,” he said. Yakovenko is a long-time critic of some of the advertising and data-privacy strategies of larger social platforms such as Facebook or Google.

Hype around the metaverse, a virtual reality where people can buy land, homes, luxury items that they pay for in cryptocurrency, helped make NFTs November’s best performing digital assets.

In the past week alone, a whopping $275.5 million worth of NFTs have been sold, according to Non Fungible data, thanks in part to rockstars’ avatars hanging out in the likes of Decentraland or the Sandbox with those of ordinary people, as well as digital art sales from the Bored Ape Yacht Club and CryptoPunks NFT collections. Community-based NFTs often bring perks to their members too.

The solana blockchain is a smaller rival to the ethereum network. It too can host decentralized finance applications, like smart contracts, as well as run NFTs, which are unique digital tokens that represent a real-world piece of content, such as artwork, music or video. Unlike cryptocurrencies, they can’t be exchanged like for like, making them a kind of digital collector’s item.

Chainalysis, a blockchain analytics platform, says the success of NFTs is a result of “community and word of mouth growth”.

They certainly appeal to communities such as celebrity fan bases. K-pop idol band BTS, pop star Katy Perry, along with fashion houses Burberry and Louis Vuitton are just some of the names that have dived into the NFT space. TikTok, a video-sharing social media platform, launched its own NFT collection in October. Snoop Dog even has his own metaverse called the Snoopverse and a fan coughed up $450,000 for a plot of virtual land to be the rapper’s neighbour.

Even with all the glitz and glamour around NFTs, they’re mainly something ordinary people will own. 80% of all NFT transfers between January and October this year involved people that spent less than $10,000 per transaction.

“I am really excited to see an NFT community go from – 10,000 people to 100,000 and then a million and then 100 million – that’s unbelievable, right?” Yakovenko said.

“What does that look like when there’s 100 million people that are all in – the same community that is driven by this digital content?” he said.

Feature Image: Anatoly Yakovenko

Solana

By Camomile Shumba

Sourced from Markets Insider

By Alex Kantrowitz

LinkedIn is something of an enigma as a social network. Despite its massive size — nearly 800 million members — it isn’t filled with the same type of misinformation, trolls, and engagement baiting algorithms that define its peers. The tone on LinkedIn is, actually, kind of friendly. It’s a place, as Scott Galloway recently put it, where people assume you’re engaging in good faith, not bad. “I no longer respond to people on any platform except LinkedIn,” Galloway said. “People are much more civil.”

LinkedIn’s built a friendly, productive, and scaled network by developing the right incentives and taking genuine action when things go wrong. It’s not perfect, of course. But given that the network’s peers seem to live in perpetual scandal, there’s a lot we can learn from it. Here’s a brief rundown of what LinkedIn gets right:

Real consequences for being a jerk

On most social networks, you can be a jerk with little consequence. Twitter is filled with anonymous, bile-spewing users who corrode the network’s tone. Facebook may require you to use your “real name,” but being a jerk can mostly cost you Facebook “friends,” and since you likely have more of those than friends in real life, you can spare a few. On LinkedIn, being a jerk has consequences. It threatens your ability to get your next job, strike your next partnership, or find your next customer. You use your real identity there, and what you say has ramifications. This encourages people to pick their fellow users up, not tear them down.

Long term product health > engagement 

LinkedIn’s product team makes substantial changes to address bad things on its product, even when it costs the company “engagement.”  While I was at BuzzFeed News, for instance, my colleague Ryan Mac and I wrote about a phenomenon called Broetry. At the time, LinkedIn’s feed was flooded with “broems,” or stories written line by line with spaces in between, often by cringeworthy growth hackers. LinkedIn prioritized these posts in its algorithm because it believed that when people clicked “see more” to expand posts in their feed, the posts were probably compelling. But the growth hackers figured this out, and then exploited the curiosity gap and filled the feed with garbage.

LinkedIn’s product team could’ve left the algorithm alone and kept its precious engagement. But after the story came out, they changed the algorithm and minimized the signal, and Broetry largely disappeared. When you have a product team willing to sacrifice short-term numbers for long-term product health, you’ll often end up in a good place.

A business model aligned with user interests

Most social networks make money via advertisers (their real customers), so they try to keep people (users) as engaged as possible, even if it requires some sacrifices. When you run an ad business, it’s okay if a certain percentage of the platform hates each other, as long as they keep coming back to fight.

LinkedIn’s business model is different. About one-third of its revenue comes from advertising, but many of LinkedIn’s users pay to use its premium product, so its users are its customers, and the interests are aligned. LinkedIn also sells a premium product to recruiters, who want to get people jobs, and creepy targeting won’t help with that. LinkedIn is able to sacrifice short-term engagement for long-term goals — as noted above — because its business model incentivizes it.

A functional trending column 

LinkedIn’s trending column is world-class. It’s filled with relevant news, curated by human editors, and doesn’t rally people to ridicule peers who became that day’s “main character.” Facebook struggled to figure how to build a trending column, and eventually gave up. Twitter’s trending column is so bad that the best stories about it call for its destruction. LinkedIn, however, is demonstrating how you keep people informed about relevant, popular news without wrecking society.

A reasonable share button

LinkedIn’s share button doesn’t allow you to pass along other people’s posts without accountability. Unlike Twitter’s retweets, posts on LinkedIn show up with your name and photo when you share them, adding a layer of ownership that’s missing on Twitter. There’s also little incentive to share dunks or outrage due, again, to the disincentives for being a jerk.

The slow life is the good life

LinkedIn’s feed has interesting information, but nothing feels too pressing. People using the service, therefore, tend to be thoughtful when posting. This differs from Facebook and Twitter’s rollicking, impulse-driven feeds. Slowed-down social media, as counterintuitive as it may seem, tends to be a better experience and healthier for society.

Feature Image Credit: Gabriel Varaljay on Unsplash

By Alex Kantrowitz

Sourced from Big Technology

By Kate Talbot

With over 720 million global users on the platform, LinkedIn has solidified its spot as the go-to social network for all things professional development. In fact, with the over-saturation of content on other social networks where you have to pay-to-play, there’s a prime opportunity to build your personal brand and thought leadership on LinkedIn.

As we’re in a digital-first reality, building your digital personal brand can lead to incredible opportunities like increased deal flow, speaking on podcasts and at conferences, and more media attention— all through using social media to your advantage.

Here are three ways to level up your LinkedIn in 2021.

Authentically Connect 

Let’s face it, our working lives look different nowadays, with most utilizing remote work that can entail many Zoom meetings with young children running into the background or your partner walking in the background. Instead of hiding who you are, share with your community stories of what your new normal looks like. Since we’re all in the same boat, it’s a fantastic way to authentically connect and show off your 360 self even within the work environment.

Additionally, LinkedIn is notorious for unwelcome spam messages. Do not start spamming or sending unwanted content to persons you’re not familiar with, and you’ll end up in the trash and not build your thought leadership. The best way to build authentic relationships is to connect with those with interests or mutual connections in common. Then, you can build spark conversations.

Engaging Storytelling

Creating content that adds value to your audience that inspires and engages is a clear strategy proven to win with any social platform. In the case of LinkedIn, you have a multitude of ways to do this: photo, video, live video, and Stories.

With photos, you’re able to illustrate your story through a visual medium that adds color and background. You can add multiple photos to your post or just one. It’s best to use photos from your camera roll instead of stock photography to create a real bond with your audience.

Video on LinkedIn can either be pre-recorded video, natively created, or part of LinkedIn Live’s beta program. It is best practice to add captions to your video for the hearing impaired or scrolling through the feed with the sound off with pre-recorded video. All video mediums allow you to show off your knowledge-base by sharing your thought leadership applicable to your industry.

Like Stories on every other social channel, LinkedIn Stories is 20-second pieces of ephemeral content that disappears after 24 hours. LinkedIn added stickers that help prompt users to engage. They include: “Ask me a career question” or “Giving informational interviews” and many more.

They most recently launched the ability for those that have over 5,000 followers to utilize the ‘swipe-up’ feature where you can produce a Story and have a link for users to swipe up to — this helps with a much richer content distribution flow.

By showing that behind-the-scenes aspect to your work, you’re able to humanize yourself in the context of the corporate world, and in doing so, allows for people to connect more with you.

Build Community 

Community is the moat that differentiates you from the rest. By building an engaged community through authentic storytelling, you’re able to strengthen relationships and have more visibility on LinkedIn and beyond. A strong community and being positioned as a thought leader for that industry allows for media mentions, speaking opportunities, and podcast interviews.

To implement this on LinkedIn, you can interact with your followers by asking questions that inspire a response, form an engagement pod with community members to like and comment on one another’s post to help boost visibility, and create polls.

As social networks become increasingly large, creating a community of individuals that want more content from you and are inspired by your words, allows for great opportunities outside the social platform.

Going Forward

As you can see, LinkedIn has a myriad of ways to build authority in your industry. By implementing these tactics, you’ll be able to exemplify your thought leadership further and connect authentically to others.

By Kate Talbot

I’m a freelance content marketer, author, and entrepreneur who helps businesses scale using social media. I’ve been featured on CNN, Nasdaq, NPR, NBC News, CNBC, Huffington Post, VentureBeat and named an Instagram Marketing Expert from Foundr Magazine and Social Media Examiner. I wrote a best-selling book, “Oh Snap! You Can Use Snapchat for Business” which IBM named their ‘Book of the Month.’ My strong understanding of the digital landscape comes from scaling startups in the digital space and running branded content and social media for Virgin America, Kiva, and top venture capital firms. I’m also a millennial marketing post-graduate lecturer at Ireland’s Digital Marketing Institute and social media expert witness. When not snapping, I spend my free time at Burn Pilates, reading at Dolores Park, and hosting art and charity events.

Sourced from Forbes

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  • Google is making another go at a social network.
  • Named Shoelace, the app aims to be a hyperlocal social network for people looking to connect with others (in real life) at events and nearby activities. It sounds a little bit like Nextdoor, the local social network.
  • “The whole premise of Shoelace is to tie people together based on their interests — like two laces on a shoe,” the team says.
  • For now, the Android and iOS versions are invite-only and available only in New York City.
  • Visit Business Insider’s homepage for more stories.

After shutting down Google+ in April, Google is making another go at a social network.

Named Shoelace, the app aims to be a hyperlocal social network for people looking to connect with others (in real life) at events and nearby activities. On its website, the team says, “the whole premise of Shoelace is to tie people together based on their interests — like two laces on a shoe.”

These events — fittingly referred to as “loops” within the app — might include things like playing ping pong at a local bar or watching comedy at an open mic night. The idea seems somewhat like Meetup— get people together who share in common interests and maybe walk away with a new friend, or two.

In fact, on its site, the Shoelace team says the app is great for people who have recently moved to a new city or for those looking to meet people who live nearby, which also makes it seem a little bit like local social networks like Nextdoor.

Screen Shot 2019 07 11 at 10.28.26 AM
Shoelace app
Screenshot / Business Insider

Shoelace is a product of Google’s internal startup incubator, known as Area 120. For now, the Android and iOS versions are invite-only within “select communities” and available only in New York City.

A Google spokesperson told Business Insider on Thursday: “One of the many projects that we’re working on within Area 120 is Shoelace, an app that helps people meet others with similar interests in person through curated activities. Like other projects within Area 120, it’s an early experiment so there aren’t many details to share right now.”

Read more: The 14 biggest product flops in Google history

The tech giant hasn’t necessarily had the strongest track record when building social networks (Orkut, Google Buzz, and Google+ are all defunct), but with Shoelace, the intentions, at least, seem promising. Getting more people to interact with one another offline has become less common in a sea of other social networks.

Get the latest Google stock price here.

Feature Image Credit: Google CEO Sundar Pichai Stephen Lam/Reuters

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Sourced from Business Insider