Reports this weeks suggest how social media platform Snapchat is working on latest ways to come up wiht digital collectibles for artists. Clearly, the pivoting crypto sector is looking for more and more ways to make tech companies join the upcoming world of non-fungible tokens-NFT.
As specified by the reports, Snapchat Inc is looking into ways to enable artists to show the world their digital collectibles as AR filters on the platforms. Moreover, the social media giant is set to not charge these creators for making use of this feature. Reportedly, the company is looking forward to the establishment of collaboration deals with parties which would aid the creators in monetising off of their display of the NFTs on the platform.
Moreover, a report notes how the social media giant is planning to conduct an experiment with a particular number of creators next month. According to it, the artists would have ability to mint NFTs, and hence add it to their Snap Lenses. On Wednesday, July 13, Snapchat gave a statement regarding its launch of a paid version.
Snap Inc came up with a paid option for the popular social media site with the provision of features that are more ‘exclusive and experimental.’ The new version, referred to as ‘Snapchat +’ would be available for $3.99 a month. In its statement, the company specified how this subscription would provide a new experience to the member who are the ‘most passionate’ about its ‘community.’ As of now, Snapchat has not provided any further details regarding the development.