Twitter is all set to launch its “Ticketed Spaces” feature. This feature would allow users to earn money by hosting live audio rooms. The feature would be open to users with at least 1,000 followers on Twitter.
This is basically an expansion of the “Spaces” feature, which was recently launched.
According to Twitter policy, users would need to have 600 followers to be able to host live sessions on the platform. The monetization option will, however, be available to users with a minimum of 1,000 followers.
Initially, the “Ticketed Spaces” feature is planned to be exclusive to US users. However, new reports have shown that the feature will be made available in the coming weeks.
In order to earn money, aside from having 1,000 followers, Twitter user would also need to have hosted three spaces within the last 30 days, and be at least 18 years old.
The micro-blogging site said it will allow a host to set their ticket price to the live sessions. Hosts will also get the option to limit the number of tickets that can be sold.
The Verge reports that Twitter will take 20% cut of the total sales, while the host will get up to 80 percent of the revenue; after Apple and Google’s in-app purchase fees are taken.
In case you are wondering, Google has a policy that empowers it to take a 30% cut off payments made within apps offered by the Google Play store.
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Twitter added that the 20% cut it would charge, would help cover the cost of Stripe, which will be handling payments on the platform. Users would also be required to have a Stripe account for payment purposes.
A spokesperson speaking in behalf of Twitter told The Verge that:
“Initial applications, when they open, will be processed within a few weeks, and the team plans to start with a small test group. Although only US users will be able to host these ticketed spaces, for now, anyone around the globe can purchase access.”
Twitter has been competing with Clubhouse by consistently launching more audio-focused features on its platform.
The company began testing Spaces in November 2020 with a limited number of users. In March, 2021, Twitter extended the test phase to include Android devices.