Instagram will start handing out awards to select creators

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

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