If you like to pitch your character - especially ICly - or organization and you are creative, then this is the right place for you.
You can showcase your character/organization either with something written, graphical or both, like making a poster for an organization to find more members, creating an IC ad for a merchant, making a wanted poster if you play a criminal, displaying an image of the character in a situation and much more.
Welp, there's a lot to do but I got the feeling that it will be worth it.
Status updates like this can be used by any member for almost anything, like what's happening around you, what you're thinking about etc. Only OC, though