Exciting Announcement From Elon Musk!

The new CEO of Twitter, Elon Musk, has good news for Twitter content producers. A new announcement has been made regarding Dogecoin (DOGE), a cryptocurrency that has often been favored by Elon Musk in recent years.

What Exactly is Meant By This Announcement?

Elon Musk announced that the advertising revenue from the answer series will be shared with the content creators. Contributing Twitter users now have a reason to celebrate. Because their efforts and endeavors seem to be bearing fruit after only a short time. Elon Musk, Twitter’s new CEO, announced on Friday that content creators will soon receive a share of advertising revenue from reply sequences.

How Is a Share Made?

Actually, it was expected that Elon Musk would announce this news before. Initially, it was said that the first announcement of the new initiative would be made this week. The fact that no further information was given made the curiosity of the public grow.

After the last statement, we can say that a result has emerged as follows. Accordingly, many content producers waited with bated breath for the announcement of the new share, and the predictions were as follows:

Currently, YouTube pays creators a percentage of revenue equal to 55 percent of total revenue, but TikTok shares revenue equally with its artists. Musk issued the following statement:

Starting today, Twitter will share ad revenue from reply threads with creators.

This also means that creators who receive the most ads in their replies will have the chance to earn a larger share of the ad revenue. In terms of eligibility, Elon Musk had claimed that only Twitter Blue Tik subscribers would be eligible for revenue sharing.

Many Influencers Welcomed Elon Musk ‘s Announcement.

It had been known since November that Elon Musk was looking into developing several revenue-sharing mechanisms for Twitter. However, it was not clear when and how these initiatives would be implemented. 

The First Comment Came From Mr. Beast

Recently, Tesla’s CEO proposed a “Twitter Payments” feature to create alternative revenue streams besides advertising. While developing this service, the social media company has already started applying for state licenses in the United States. In addition, Elon has confirmed support for cryptocurrencies in the near future, although it is claimed that the payment option will initially be offered in fiat currency. This reminded me of Dogecoin (DOGE), for which Musk is also a proponent.

Dogecoin (DOGE) Is On The Rise Thanks to Elon Musk 's Efforts

Dogecoin (DOGE) Is On The Rise Thanks to Elon Musk ‘s Efforts

Elon Musk continues to fulfill his promise to increase the social media site’s revenue from October 2022, when he took control. As published on cryptocoin, Elon Musk stated that Twitter will start sharing advertising dollars with content producers today. This is another move by the Tesla CEO to strengthen the social media platform’s revenue strategy. Twitter has long been rumored to offer Dogecoin (DOGE) based payments, so the current effort is also tangential to the cryptocurrency market.

Doge Seems To Be Drawing a Different Graph Again

In general, here’s what we can say about Dogecoin: Musk’s preferred cryptocurrency is Meme-coin. His statements about Dogecoin’s potential are also widely known. As for DOGE payments, it remains to be seen how the developer’s plan for ad revenue will work. Musk announced Friday that content creators will have to sign up for Twitter’s Blue Verified program to enjoy revenue sharing. The fact that Tesla is already receiving DOGE-based payments for its products is creating a lot of confidence in the Dogecoin community.

Within minutes, the Dogecoin price went from a loss of 0.5% to a gain of 0.5%. At the time of writing, one DOGE is worth $0.09299, down 0.67% in the last twenty-four hours. In contrast, the DOGE community predicts that Twitter will support crypto-based payments in the coming months. In addition, Musk has indicated on Twitter his intention to introduce DOGE payments.

Recent rumors also state that Twitter could offer a cryptocurrency wallet that allows deposits and withdrawals. The microblogging service is also rumored to be developing the NFT Tweet Tiles feature.

Armaan Khatri

I'm Armaan Khatri, a financial writer, editor, and market analyst. A former VP and market risk advisor worken in India at Citizens Financial Group. Have more than 15 years of financial services experience that also includes personal finance, personal banking, IRAs, and retirement services.

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