It seems Elon Musk’s Twitter is taking care of a scheme that is new make money from the platform. The service appears to be experimenting with an currency that is in-app “coins” meant to simply help creators make money using the working platform, in accordance with screenshots shared by two app researchers.
The feature happens to be spotted in recent days by Jane Manchun Wong and Nima Owji, app researchers who often publish images of unreleased features. Relating to their posts, coins look like an extension of Twitter’s tipping feature that is existing. “Coins allow you to support creators who Tweet content that is great” reads a screenshot shared by Wong and Owji. A graphic shared by Owji back in December showed a brand new “Coins” tab in identical section where users are able to keep tabs on their tips.
For now, it is unclear precisely what Twitter’s plans are for coins or once the feature could launch. The organization, which not any longer employs communications staff, didn’t immediately react to a ask for comment. Nevertheless the screenshots suggest Twitter has reached considering that is least featuring coins prominently in its app as both Wong and Owji spotted it in the main sidebar.
But coins may not be just for tipping. Wong also spotted an “Awards” feature, which allows people to use coins to buy gifts that are in-app others. In accordance with the image shared by Wong, users will be in a position to buy gifts for as low as one coin (called “Mind Blown”) or just as much as 5000 (called “Gold”). It’s not yet determined how coins that are much cost, though Twitter would presumably get a cut of revenue generated from coin purchases.
So far, Elon Musk doesn’t seem to have publicly weighed in on coins or awards, but he has spoken broadly about wanting more ways for creators to be rewarded. He’s said that Twitter Blue revenue would“give twitter a potentially revenue stream to reward content creators” and that “creator monetization for many kinds of content” is also when you look at the works.
It’s also worth noting that inspite of the “coins’ moniker, the feature does not appear to have any cryptocurrency tie-ins, at the least for the present time. “Twitter Coin continues to be under development and then we do not have even any evidence that it is something pertaining to crypto,” Owji noted. “Don’t allow the scammers fool you.”
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