4 social media updates you need to know about this week

Including updates about Meta, Snapchat, TikTok and Mastodon.

Elon Musk’s acquisition of Twitter, his plans for the service and their massive layoffs continue to dominate the headlines, but there have been major announcements from other platforms. Some will make your life easier and others are interesting trends to watch.

Here’s what you need to know this week:

Meta is testing a tool to trade digital collectibles to help content creators monetize their presence on the social media platform.

Users can back creators by buying NFT digital tokens directly from them on Instagram.

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Meta said it hopes to expand the test to more countries soon.

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