Instagram is experimenting monthly subscriptions for exclusive stories and live videos for $4.99 per month.

Instagram, a Facebook-owned social media app, has been testing a subscription feature that allows artists to earn money. According to Instagram's iOS App Store listings, the firm appears to be preparing the debut of this functionality.

The Instagram App Store listing now includes a new "Instagram Subscriptions" category under the "In-App Purchases" section. Instagram Subscriptions are cost between $0.99 and $4.99 in the United States, according to TechCrunch.

The app is also available in India's App Store. Instagram Subscriptions cost ₹89 per month in this country. The new subscription option is now available, as are Instagram Badges, which users can purchase to give to creators during live sessions.

Earlier this year, Instagram CEO Adam Mosseri stated that the firm is looking at subscriptions on the network. Instagram Subscriptions are likely to be similar to Twitter Blue in that fans will be able to access special tweets and other material. Similarly, Instagram is anticipated to restrict access to specific material to subscribers exclusively. Instagram, meanwhile, has been testing a similar function for several months.

Creators will also be able to track their estimated revenue, current members, and expired membership. Instagram will also allow creators to customise the name and pricing of their membership. And fans may easily cancel at any moment.

Instagram is one of the most popular platforms for influencers and artists, and there are already a variety of revenue-generating options available, such as brand collaborations and adverts. Subscriptions, on the other hand, would involve fans directly, and Instagram may add more opportunities for fan-creator interactions in the future.

The developments indicate that the function is nearly ready, and given that the subscription costs are already public on the App Store, Instagram might deploy this feature shortly.