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Billed as "the cultural expertise of the decade," and with tickets costing between $1,500 and $250,000, Fyre Festival generated a lot of its interest thanks to being promoted by fashions reminiscent of Kendall Jenner, Emily Ratajkowski, Bella Hadid and Elsa Hosk on Instagram. Attendees assumed they would be on the gorgeous beaches of Exuma rubbing shoulders with these and other celebrities, together with members of Kanye West's G.O.O.D Music label like Desiigner, Pusha T and Tyga. However that merely wasn't the fact of Fyre Festival. Pop punks Blink 182 could have gotten whiff of the occasion's shortcomings. The group was scheduled as a headliner, but pulled out at the last minute, saying, "We're not confident that we might have what we need to provide you with the quality of performances we always give our followers."

While Instagram has been ramping up commerce options for creatures for some time, this replace is the first time Instagram has tried to compete directly with existing NFT marketplaces. Meta says it won't take a lower of NFT sales till 2024, though 30 % will probably be deducted from sales to account for app retailer fees. Creators may also set a fee charge for resales of their work, ranging from 5% to 25%.