Each week, we’ll round up the hottest news across the DeFi ecosystem to help you keep up to speed. 

Twitter, Meta and Instagram are tapping into the world of NFTs. First, Twitter launched verified NFT profile pictures, and now Meta announces plans to help users create, showcase, and sell NFTs on Facebook and Instagram. (The Verge

Want reimbursement for a delayed or cancelled flight? This Ethereum-based protocol automates insurance payouts when flights are delayed or canceled based on on-chain data, aiming to give more real-world use cases for blockchain technology. (BlockWorks

A new mysterious protocol called Lens has launched, and it has people talking. Rumors abound that it could be a decentralized social media platform launched by Aave. (The DeFiant) 

Gm, anons. Got rugged? Ngmi…. If you need a refresh on the lingo in DeFi, the team at The DeFiant put together a handy glossary of terms that will help you navigate, complete with memes. (The DeFiant

Italian luxury fashion house Prada and sportswear giant Adidas, which recently ventured into the metaverse, have joined forces to launch a new NFT project built on the Polygon network. The project will allow fans to contribute their own designs. (CoinDesk

With tax season upon us, this article from Forbes helps us wrap our heads around how to account for all those NFT sales, DeFi swaps, yield farming gains, and more. (Forbes