Apr 29, 2023
Twitter Creators Can Now Monetize Content Worldwide
Twitter has been experiencing a wave of changes ever since Tesla CEO Elon Musk took over the platform. Musk has introduced several new initiatives to increase user engagement and generate revenue streams for the company. The latest revamp allows content creators to monetize their posts, including text, pics and videos, with global subscription services.
The new feature allows Twitter users to charge followers a monthly fee for exclusive access to their content. Creators can keep up to 97% of the revenue until they reach a lifetime earnings of $50,000, after which the split will be lowered to 80%. Twitter has partnered with Stripe to help creators receive payments.
The subscription services are non-refundable, and users must manually unsubscribe if their account is suspended for any reason.
Members of Crypto Twitter have welcomed the new feature, as they have been able to build a large following on the platform and gain credibility over the years.
Musk is also looking to introduce new AI tools to detect and deter misinformation on Twitter. He recently purchased around 10,000 GPUs to build the AI tools, despite warning against the development of AI due to societal concerns.
The new features are expected to help promote citizen journalism and improve Twitter’s bottom line. In addition, it could also open up new opportunities for NFT marketing and promotion, as well as other web3 endeavours.
NFTs are digital assets that are stored on the blockchain and can be used to represent a variety of digital assets, such as artwork, music, and collectibles. They are becoming increasingly popular as a way to monetize digital content, and Twitter’s new subscription feature could provide an ideal platform to market and sell NFTs.
Twitter users can now turn to a NFT marketing agency to help them create and promote their NFTs on the platform. With the right strategy, creators can use Twitter’s new subscription feature to generate revenue, increase engagement, and reach a larger audience.
By leveraging the platform’s new capabilities, creators can take advantage of the growing NFT market and make the most of their content.
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