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Elon Musk’s Twitter appears to be working on a new scheme to make money from the platform. According to a screenshot shared by two app researchers, the service appears to be experimenting with an in-app currency called “coins” aimed at helping creators make money from the platform.
This feature was recently discovered by Jane Man Chun Wong When Nima Ouji, an app researcher who frequently publishes images of unreleased features. According to their post, the coin appears to be an extension of his Twitter’s existing tipping feature. “With coins, we can support creators who tweet great content,” read the screenshot shared by Wong and Owji. Image shared by Owji back presented a new “Coins” tab in the same section where users can track hints.
For now, it’s unclear exactly what Twitter’s plans are for coins or when this feature will launch. The company, which no longer employs a communications person, did not immediately respond to a request for comment. It suggests that they are considering featuring the coin prominently in the app.
But coins may not be just for tips. Wong also discovered an “awards” feature that allows you to use your coins to buy in-app gifts for others. According to an image shared by Wong, users can buy gifts for him for 1 coin (called “Mindblown”) or 5,000 coins (called “Gold”). The coin’s price is not clear, but Twitter will likely get a portion of the proceeds from coin purchases.
So far, Elon Musk hasn’t appeared to publicly discuss coins or awards, but he’s spoken widely about wanting more ways for creators to be rewarded.He That Twitter Blue revenue could “give Twitter a revenue stream to reward content creators.” “Creator monetization of all forms of content” is also underway.
It’s also worth noting that despite the “coin” nickname, the feature doesn’t seem to have any cryptocurrency relevance, at least for now. There’s no evidence that it’s even cryptographically related,” Owji said. “Don’t be fooled by scammers.”
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