Elon Musk, the new CEO of Twitter, gave good news for content providers on Twitter. Anything new for Dogecoin (DOGE), which Elon Musk is a fan of?
Exciting announcement from Elon Musk for Twitter
Twitter’s new CEO, Elon Musk, has announced that revenue from ads shown in response threads will be shared between content providers. Twitter users who contribute content now have reason to celebrate. Because they will probably soon be able to reap the rewards of their hard work and effort. On Friday, Twitter’s new CEO, Elon Musk, announced that creators will soon begin receiving a portion of revenue from ads appearing in response threads.
Musk shared that the new venture will launch today. However, no further information has been made public. And many creators are now holding their breath to find out what kind of share they will get. Currently, YouTube gives producers a share of money equal to 55% of the total earnings, while TikTok splits the revenue equally with its artists. Elon Musk made the following statement:
Starting today, Twitter will share ad revenue with creators for ads that appear in response threads.
It also means that content writers who receive the most ads in their responses will have the opportunity to earn an even larger share of ad revenue. Meanwhile, Elon Musk has stated regarding eligibility that only Twitter Blue Tick subscribers will be eligible for revenue sharing if offered.
Influencers welcome Musk’s decision
Elon Musk has been discussing the creation of various revenue sharing models for Twitter since November. However, there is some uncertainty about when and how such programs will be implemented. And the 51-year-old businessman announced the new program before any official announcements were released by the company’s communication channels. Beast, the well-known YouTube creator boasting 131 million subscribers, also interrupted to express his surprise at the sudden announcement.
Lex Fridman, another famous podcaster, stated that this is a great opportunity and will encourage greater content rather than promoting ‘divisive drama’.
Recently, Tesla CEO came up with the idea of a ‘Twitter Payments’ feature to generate additional revenue streams outside of advertising. While this feature is in development, the social media company has already started applications for state licenses in the US. Also, even though it was announced that the payment function will be launched with fiat currency first, Elon has acknowledged support for cryptocurrencies in the near future. This brought to mind Dogecoin (DOGE), which Musk is a fan of.
Dogecoin (DOGE) is on the rise with Elon Musk’s initiative
Elon Musk continues to deliver on his promise to generate more revenue for the social media platform, starting with his takeover in October 2022. cryptocoin.com As we reported, Elon Musk said that Twitter will start sharing ad revenues with content creators starting today. This is another initiative from the Tesla CEO who plans to improve the revenue model for the social media platform. The latest initiative is also indirectly linked to the crypto market, as it has long been speculated that Twitter is promoting Dogecoin (DOGE)-based payments.
Meme-coin is Musk’s favorite cryptocurrency. Also, his comments about Dogecoin’s potential are widely known. It’s not yet clear how the creators’ ad revenue model will play out in terms of paying in DOGE. Musk said Friday that creators must subscribe to Twitter’s Blue Verified program to qualify for revenue sharing. Tesla already accepts DOGE-based payments for its products, a move that has given the Dogecoin community great confidence.
With the news, Dogecoin price went from negative trading to a 0.5% increase within minutes. At the time of writing, DOGE price is down 0.67% in the last 24 hours at $0.09299. On the other hand, the DOGE community is hopeful that Twitter will introduce crypto-based payments at some point in the next few months. Not only that, Musk has already given subtle hints on Twitter about his plans to introduce DOGE payments.
Recently, it was also speculated that Twitter would also release a wallet that supports cryptocurrency deposits and withdrawals. The microblogging site is also said to be working on the NFT Tweet Tiles feature.
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