Instagram is launching its own awards program, according to The Hollywood Reporter. This is sort of like the Oscars, but for short-form social media content. There isn't an awards ceremony, a comedian host or anything like that. Instead, the 25 winners will get physical rings.
These rings will be designed by fashionista Grace Wales Bonner. Maybe they'll be worth a few bucks, as the recognition doesn't include a financial payout of any kind. However, winners will get a digital replica of a ring to put on their Instagram profile and stories.
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Instagram will start handing out awards to select creators
https://www.engadget.com/social-media/instagram-will-start-handing-out-awards-to-select-creators-170531135.html
