Recent progress is subwavelength optics is driven by the physics of optical resonances. This provides a novel platform for localization of light in subwavelength photonic structures and opens new horizons for metamaterial-enabled photonics, or metaphotonics. In metallic systems, the resonances are associated with localized and propagating surface plasmon polaritons, whereas in dielectric systems the resonances are known as Mie resonances.  Resonant metaphotonics employs local resonances, driven by electric and magnetic multipolar modes, and nonlocal resonances, driven by bound states in the continuum and guided modes, and it aims for novel applications of subwavelength optics benefiting from low material losses and optically-induced magnetic response. In this talk, I will review the recent advances in the field of metaphotonics.