Important facts:
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The subscription program is available in more than 100 countries.
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Content creators can earn up to 97% of subscription revenue.
Twitter has officially announced the implementation of paid subscriptions for exclusive content on its platform. Through this new system, content creators who meet the eligibility requirements can earn a monthly income from their most engaged followers.
He subscription program from Twitter allows users to access additional and exclusive content provided by the creators. This includes exclusive tweets, subscriber badges, access to a feedback community, subscriber-only spaces, and more. Content creators to participate in this program must be over 18 years old, have at least 500 followers, and have been active in the last 30 days.
Subscriptions are available in more than 100 countries around the world with exceptions like Cuba and Venezuela. iOS and Android device users, for example those who prefer the web version of Twitter, have access to this novelty.
Creators can set the price of their subscriptions by choosing between different options provided by the platform. Until a creator reaches $50,000 in cumulative earnings from Twitter monetization products, You can earn up to 97% of the revenue from your subscriptions. After in-app purchase fees. Once this threshold is reached, the percentage drops to 80%.
Twitter CEO Elon Musk announced the news in a tweet dated March 28, Musk highlighted the platform’s commitment to innovation and support for content creators. Those interested in participating in the Paid Exclusive Content Subscription Program can apply from the main menu of their Twitter application.
This new approach to Twitter monetization adds to the growing trend of social networks like Patreon and Twitch looking for ways to allow content creators to generate revenue directly from their followers. This simultaneously offers a more personalized and exclusive experience for users who choose to subscribe.
Cryptocurrencies in the future?
Although Twitter does not currently accept cryptocurrencies as payment for its subscriptions, the possibility of a change in the future is not excluded. The introduction of cryptocurrencies as payment for Twitter subscriptions could attract more users. Next to, would further expand monetization opportunities for content creators.
For his part, Elon Musk has been positive about various crypto assets including Bitcoin, Ether and Dogecoin. In fact, CriptoNoticias reported that at the beginning of April this year, the logo of the social network was replaced by that of Dogecoin for several days. First, the change caused the price of this memecoin on the market to increase by more than 20%.