The Million-Dollar Question: What Drove Elon Musk’s Promise to Monetise?
After acquiring Twitter last year, Elon Musk made a number of radical changes to the network. In one of those changes, the new Twitter CEO hinted at the introduction of a mechanism that would allow content creators to monetize the network. As usual, an altcoin strongly identified with Musk is touting new developments in this regard.
Is Elon Musk Continuing To Manipulate Twitter?
It can be said that the promises are somewhat different and more substantiated than in the days of DogeCoin. Therefore, it would not be correct to say that Elon Musk’s latest publications are manipulated. But what has Musk been saying?
In the early days after buying the company, Musk tried to make money from the user identity verification program “Blue Check”. He charged a monthly fee of $8 for the software, which was free at the time.
Now Musk is introducing a revolutionary update to the social networking platform. Similar to Twitter, YouTube and Google, Twitter is creating a mechanism that will allow its users to earn money. In a recent post, the Twitter CEO explained that content creators will be able to earn a percentage of advertising revenue. The more replies a tweet receives, the more money content creators will earn. Considering that Musk’s statement follows the tweet of Billy Markus, the creator of Dogecoin, DOGE seems to benefit from this news.
Twitter CEO Confirms Rumours
Today, the Twitter account @TheAaronBowley shared a snapshot showing that it had received 1.37 million interactions with a single tweet. “I know many of you do this a lot, but this is the first time I’ve gone over the million mark. The challenge now is to monetize this,” he said in a message …..
Billy Markus, the creator of Dogecoin, said: “Let me know when you figure it out”. Elon Musk was quick to confirm the persistent rumors.
Elon Musk stated that a monetization mechanism for Twitter is in development. DogeDesigner, the visual designer of Dogecoin, stated that revenue will likely be visible in every tweet. Musk has not commented on this.
Dogecoin Price is Rising Again!
The leading Memecoin has not yet responded to Elon Musk’s revelations with a significant price increase. However, it has gained almost 3% in the hours since the tweets were published. In September, when Elon Musk bought Twitter, Dogecoin rose more than 150% in less than 48 hours. In the months that followed, the price continued to rise in anticipation of integration with the platform.