Instagram has launched a new initiative called the Ring Award to recognize and reward top creators on the platform. This award aims to celebrate the most engaging and innovative content creators, enhancing community engagement and inspiring others to elevate their content quality. The program includes various benefits for the winners, including exclusive features and promotional support.

Instagram is launching a new referral program that offers creators the chance to earn up to $20,000 as an incentive to attract more users to the platform. This initiative aims to enhance user engagement and expand the creator community on Instagram.