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The Morning After: NFTs are coming to Instagram

Just when I thought the NFT chaos had calmed, here comes Instagram. Speaking at SXSW, Mark Zuckerberg confirmed digital collectibles would be arriving on Instagram “in the near term.” Zuckerberg said NFTs could one day play a role in the company’s eventual metaverse. “I would hope that, the clothing that your avatar is wearing in the metaverse… can be basically minted as an NFT, and you can take it between your different places,” he said.

SXSW 2022 is this week, and we’re remotely reporting on all the major panels, announcements and reveals. Just, sadly, without the Austin food scene on hand.

— Mat Smith

The biggest stories you might have missed

You’ll need the right hardware to play.

Google mentioned in its Games Developer Summit keynote that a Steam alpha test for Chrome OS will be available for “select” Chromebooks. Details weren’t available as of this writing, but Google pointed would-be players to a (currently unavailable) Chromebook community forum post. What about minimum specs? According to rumors, you might be limited to models with at least an 11th-gen Core i5 and 7GB of RAM. And hey, what about Stadia?

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The API is available to game developers right now.

“Windows games can ship with DirectStorage,” starting today, Microsoft has announced. DirectStorage is the tech giant’s fast game-loading technology that was introduced with the Xbox Series X and S consoles. In September 2020, Microsoft revealed it’ll also make the DirectStorage API available on Windows, allowing games for PCs to take advantage of the technology. It may take a while for more titles to come with DirectStorage, especially since not everyone has upgraded to NVMe SSDs yet.

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The base Model 3 now costs $46,990.

Tesla

Tesla has raised the prices of its electric vehicles for the second time in a month. After adding $1,000 to some long-range models last week, the automaker has now implemented a much larger price increase across its lineup. Prices now start at $46,990 for the base Model 3, $2,000 higher than before. Although Tesla has quietly raised prices overnight, the move didn’t come out of left field. On Twitter, company chief Elon Musk hinted at the possibility of a price hike. He said both Tesla and SpaceX are seeing “significant recent inflation pressure in raw materials [and] logistics.”

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It’ll premiere June 8th on Disney+.

TMA

Marvel

Ms. Marvel, one of several Marvel Cinematic Universe shows coming to Disney+ this year, will premiere on June 8th. It centers around Kamala Khan (Iman Vellani), a Pakistani–American whose idol is Captain Marvel. She’ll be the MCU’s first Muslim superhero and will also appear in The Marvels movie, which is scheduled to hit theaters on February 17th, 2023.

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The company’s still awaiting the go-ahead from US regulators.

European Union officials have unconditionally OKed Amazon’s $8.45 billion bid to buy famed movie and TV studio MGM. The European Commission’s antitrust regulators determined there was limited overlap between the companies and said the merger wouldn’t severely reduce competition in the movie business.

Amazon still needs the green light from the Federal Trade Commission before it can close the deal, which was announced last May. Recent reports suggested the FTC was planning to challenge the merger with an antitrust lawsuit. However, that requires a majority vote by commissioners.

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