Elon Musk Announced: Dogecoin Jumps!

As Elon Musk introduces ways to monetize Twitter for creators, the Dogecoin price is back in the action. The Twitter boss aims to increase follower engagement and create new revenue streams on his platform…

Elon Musk shared his new plans for Twitter

Tesla CEO made another move to improve Twitter’s profitability and support journalism. In the new announcement, he shared that creators on the social media platform can now monetize their content.

Under Musk’s leadership, Twitter has taken several steps to transform its platform into a profitable business. One of them was mass layoffs, which received a strong reaction. Another drastic change is the Twitter Blue subscription fees and the Twitter logo changing to Dogecoin. Musk sees Blue subscription fees as a much-needed revenue stream for the company.

Introduced with a new sense, the monetization method aims to increase follower participation and create new revenue streams on the social media platform.

Twitter brings monetization feature

Twitter users will now be able to charge their followers a monthly fee with the “Subscriptions” feature. Fees will be within the price options determined by Twitter. Paying subscribers will be able to access exclusive non-public content of the phenomena.

Twitter will allow creators to keep up to 97% of their revenue, up to $50,000. After that, the earnings share will drop to 80%. As Cryptokoin.com reported, Twitter has partnered with payment processor Stripe for this feature.

However, users must pass a minimum threshold of at least $50 to receive a share of earnings. Subscription services will not be refunded even if a creator’s Twitter account is suspended for any reason. In these cases, users have to manually unsubscribe so that their inactive Twitter account is not automatically paid each month.

Artificial intelligence tools are also coming

Crypto Twitter members, who have built a reputation for posting on Twitter over the years, have especially enthusiastically welcomed the introduction of creator subscriptions. Musk’s efforts to redesign Twitter will include the use of artificial intelligence (AI) to detect and prevent misinformation on the social media platform.

This month, we reported that Elon Musk started buying thousands of GPUs for Twitter. Musk also supports the call for a 6-month break from AI research and development. It was noteworthy that Musk bought around 10,000 GPUs to build his upcoming AI tools, despite warning the world against AI development due to societal concerns.

Elon Musk announcements move Dogecoin price

Rumors that Elon Musk would integrate Dogecoin, especially for Twitter payments, led to double-digit rallies. The last time on April 3, when Twitter changed its logo to Dogecoin, there was a 30% explosion in a short time.